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China Over U.S. in Brazilian Exports

By Mark Beresford, Contributing Reporter

RIO DE JANEIRO - Brazilian exports to the US fell by 42 percent in 2009, to US$15.7 billion, with China replacing the US as Brazil’s top export market, with US$19.9 billion of exports, or more than 13 percent of all Brazil’s exports, according to figures released by the Ministry of Trade last week.

The development is largely a result of the strong economic growth in China in 2009, based on a massive central government stimulus, which has seen a surge in demand for Brazilian commodities such as iron ore and . . .

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