Rio de Janeiro – Data from the Foreign Trade Indicator (Icomex) regarding June and shown this Thursday (19) by the Brazilian Institute of Economics of Fundação Getulio Vargas (IBRE FGV) indicates that soy beans represented 16% of Brazil’s total exports in the year’s first six months, with this percentage reaching 33% if iron ore and oil are added to the list.
China’s share of Brazilian exports continues to grow, and the Asian country remains as the main destination for Brazilian products, surpassing the 28 countries of the European Union. According to the survey, Brazilian exports to China climbed 26% in the year’s first six months.
According to FGV, since the country’s exports have been concentrating in few commodities and China has increasing its share as destination of Brazilian products, it’s necessary to “discuss a new agenda for the country’s foreign trade policy.”
Translated by Sérgio Kakitani
