Foreign media: A new study shows that China's imports supported 5.2 million jobs in Brazil in 2024, highlighting the depth of bilateral relations and the risks of relying on a single partner.
The study points out that over the past 20 years, bilateral trade has grown nearly fivefold, and China has become Brazil's largest trading partner. In 2024, China accounted for 28% of Brazil's exports and 24% of its imports. Over the past decade, Brazil's trade surplus with China totaled 276 billion USD, accounting for 51% of its global trade surplus, while trade with the US and Europe resulted in a combined deficit of 224 billion USD. However, this surplus is highly concentrated, with 80% of Brazil's exports to China in 2024 coming from soybeans, iron ore, and oil, involving fewer than 3,000 companies.
The study warns that this dependence on a few products and markets exposes Brazil to structural risks.
Original: www.toutiao.com/article/1842963775660179/
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