Brazil is a single of the top creating countries, a single of the four emerging markets comprising the B-R-I-Cs (i.e., Brazil, Russia, Indian and China). Its economic climate has overall proved to be resilient for the duration of the international economic crisis. Nevertheless, Brazil did not escape the crisis unscathed. According to Brazil's Ministry of Development, Industry & Commerce, Brazil's exports decreased nearly 25% from 2008 (US$198 billion) to 2009 (US$153 billion), and its imports likewise decreased about 25% throughout that period from US$173 billion to US$127 billion.
In 2009, for the 1st time, China became the largest importer of Brazilian merchandise, replacing the United States. While exports decreased by about 20% from 2008 to 2009 due to the international economic crisis, exports to China increased by over 20% from throughout that period (comprising 10.two% of Brazil's total exports). Meanwhile exports to the United States decreased by nearly 40%, comprising ten.2% of Brazil's total exports. The remaining nations rounding up the prime 5 export markets in 2009 had been Argentina, Holland and Germany, comprising 8.4%, 5.three% and four% of Brazil's total exports, respectively.
Brazil has a pretty robust industrial base. It exports not only natural resources and agricultural solutions, but also industrial and commercial products. At the top of the list are natural resources (like iron ore)) and agricultural goods (like soy beans, coffee and sugar). Yet, moving down the list, their manufactured merchandise comprise of vehicle parts, airplanes, petrochemical products and ethanol.
Meanwhile, in regards to imports, both the United States and China once more are the top two nations that export to Brazil. The United States is the top rated country (comprising 15.7% of Brazil's imports) and China came in second spot in 2001 (comprising 12.five%). Each countries decreased exports to Brazil by 20% from 2008 to 2009. Rounding up the top five nations are Argentina, Germany and Japan, comprising 8.8 %, 7.7% and four.two% of Brazil's total imports, respectively. Imported merchandise include passenger autos, medicines, car parts, potassium chloride, engines and machines.
