According to the trade balance released by (Brazil's Ministry of Development, Industry and Exterior Trade), the sum of Brazil's exports and imports with China reached 3.2 billion U.S. dollars in April, over the 2.8 billion dollars in its trade with the U.S.The change may be sustainable since China’s economy continues to grow while that of the U.S. is in recession according to one Brazilian official. This should permit a diversification of exports to China and boost Brazil’s trade surplus added Barral.
Trade Minister Welber Barral said the change was "historic," as the U.S. has been Brazil's biggest trading partner since the 1930s.
Could China make such strong economic inroads in other Latin American nations? Stay tuned…
Image- Mercopress (Chinese Vice President Xi Jinping met with Brazil’s Luiz Inacio Lula da Silva last February)
Online Sources- Xinhua, The Latin Americanist, Reuters, LAHT