Brazil missed out on exporting US$56.2 billion to South America during last 10 years

The drop in trade with Argentina, affected by successive economic and exchange rate crises, was the main reason for the retraction in Brazilian exports to South America.

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 . . .

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