RIO DE JANEIRO, BRAZIL - The shrinkage of regional trade in the last decade made Brazil stop exporting US$56.2 (R$308) billion to South America in the last ten years. The conclusion is reported in a survey conducted by the National Confederation of Industry (CNI).
According to the study, Brazil's share in imports from other South American countries (Brazilian exports to neighboring countries) fell from 14.5% in 2010 to 10.7% in 2019. Likewise, the subcontinent's countries reduced sales here - Brazil absorbed only 7.4% of South American exports in 2019, down from 10.5% in . . .