Sino-Brazilian trade hits $12b in first six months

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XIAMEN, Sept 10 (CEIS): Bilateral trade between China and Brazil hit 12 billion US dollars in the first half of this year, up 30.1 per cent from last year, the Chinese Ministry of Commerce said yesterday.
This broke down into 4.54 billion US dollars of exports and 7.46 billion US dollars of imports, up 38.5 per cent and 25.5 per cent respectively, said assistant minister Chen Jian.
Brazil is China's largest trade partner in Latin American, he told a seminar on Sino-Brazilian trade during the 11th China International Fair for Investment and Trade that opened Saturday in Xiamen, a port city in the southeastern Fujian Province.
He said China is Brazil's third largest trade partner and export destination as well as its second largest source for import.
Trade between the two countries was valued at 20.3 billion US dollars last year, according to the Chinese customs.
By the end of June this year, China had invested nearly 100 million US dollars in Brazil, largely in mining, telecommunications, trade, services, lumber processing and assembly lines of household electric appliances.
Meanwhile, Brazil's actual investment in China had hit 210 million US dollars, most of which went to manufacturing, real estate and hydropower industries, said Chen.