Brazil's Trade Results and Top Trading Partners in 2009

Brazil is one of the leading developing countries, one5.3% and 4% of Brazil's total exports, respectively.
of the four emerging markets comprising theBrazil has a very strong industrial base. It exports not
B-R-I-Cs (i.e., Brazil, Russia, Indian and China). Itsonly natural resources and agricultural products, but
economy has overall proved to be resilient during thealso industrial and commercial products. At the top of
global economic crisis. Nevertheless, Brazil did notthe list are natural resources (like iron ore)) and
escape the crisis unscathed. According to Brazil'sagricultural products (like soy beans, coffee and
Ministry of Development, Industry & Commerce,sugar). However, moving down the list, their
Brazil's exports decreased nearly 25% from 2008manufactured products include vehicle parts, airplanes,
(US$198 billion) to 2009 (US$153 billion), and itspetrochemical products and ethanol.
imports likewise decreased about 25% during thatMeanwhile, in regards to imports, both the United
period from US$173 billion to US$127 billion.States and China again are the top two countries
In 2009, for the first time, China became the largestthat export to Brazil. The United States is the top
importer of Brazilian products, replacing the Unitedcountry (comprising 15.7% of Brazil's imports) and
States. Although exports decreased by about 20%China came in second place in 2001 (comprising
from 2008 to 2009 due to the global economic crisis,12.5%). Both countries decreased exports to Brazil by
exports to China increased by over 20% from during20% from 2008 to 2009. Rounding up the top five
that period (comprising 10.2% of Brazil's totalcountries are Argentina, Germany and Japan,
exports). Meanwhile exports to the United Statescomprising 8.8 %, 7.7% and 4.2% of Brazil's total
decreased by nearly 40%, comprising 10.2% ofimports, respectively. Imported products include
Brazil's total exports. The remaining countries roundingpassenger cars, medicines, vehicle parts, potassium
up the top five export markets in 2009 werechloride, engines and machines.
Argentina, Holland and Germany, comprising 8.4%,