Brazilian exports to China fall amid the outbreak of the new Coronavirus


The impacts of the new coronavirus in China are already beginning to be felt in Brazilian exports. In January alone, there was a deficit of US$ 1.57 billion in exports to the Chinese after surpluses in recent years in the month, according to the Foreign Trade Indicator (Icomex) of the Getulio Vargas Foundation (FGV).

According to the agency, there was a decline of 2.5% in exported volume and 6.4% in prices. By product, the biggest drops were recorded in soybeans and oil. In the case of imports, the change in volume was positive (3.4%), but prices fell by 3.8%. The Asian giant is the biggest buyer of Brazilian products.

“A new fact is the coronavirus epidemic in China. Projections for Chinese growth this year under the effect of this epidemic range from 5% to 6%. The coronavirus, together with the effects of the agreement between China and the United States, points to a drop in commodity prices for the coming months, and a decline in the volume imported by China”, said FGV.

The trade balance with the United States was also in deficit (US$ 847 million) with a drop in exports of 28.8% in value and 23.2% in volume and 7.3% in prices. In imports, a positive change was recorded in value (+8.7%), volume (+8.4%) and prices (+0.4%).

Source: DATA

Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

singapore

South Korea

United Arab Emirates

Philippines

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

Türkiye

Vietnam

Hong Kong

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Uruguay

Suriname

Venezuela

Dominican Republic

Costa Rica

Cuba

Africa

South Africa

Algeria

Cameroon

Costa do Marfim

Egypt

Liberia

Morocco

Sierra Leone

Sudan

Kenya

Tunisia

Mauricio Islands

Europe

Albania

Germany

Belgium

Bulgaria

Spain

Finland

France

England

Italy

Lithuania

Poland

Portugal

Russia

Türkiye

Serbia

Sweden

Switzerland

Ukraine

Cyprus

Estonia

Ireland

Romania

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.