Mineral products exports from Brazil climbed 11% in revenue and 2% in volume last year, driven by purchases from China. Iron ore’s high prices benefited results.
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The items the Gulf country purchases from abroad the most are iron ore, aluminum oxide and four-wheel drive automobiles.
Brazilian mining company posted a gain of USD 1.6 billion in Q3 2019, reversing its loss in Q2.
Brazilian foreign sales are concentrated mainly on basic goods, but measures are being taken for finished products to increase their share.
Exports reached USD 5.2 billion and imports came out to USD 3.3 billion in the third week of May in Brazil. Month-to-date, there was a USD 5 billion surplus.
