Recent data shows that Brazil's foreign tradeSurplusHit a record high again, of which more than sixty percentSurplusOriginated in China. In the first 11 months of this year, Brazil's merchandise exports amounted to 3,107$8.3 billion, up 1% year-over-year. The amount of imported goods is 2322300 million US dollars, down 137%。This leads to Brazil's foreign tradeSurplusDuring this period, it skyrocketed to 785$5.3 billion, and the full year of 2023 is expected to exceed the $80 billion mark. China, the United States and Argentina remain the top three destinations for Brazil's merchandise exports. In particular, exports to China reached 953$800 million, a year-on-year increase of **147%。Brazil's main export commodities include:Oil, mineral products, plant products, food and beverages, animal products, and base metals.
In terms of imports, China, the United States and Argentina are also the main countries in Brazil. The value of imports from China was 511100 million US dollars, a year-on-year decrease of 184%。Among them, Brazil and China bilaterally**SurplusUp to 442US$700 million, accounting for Brazil's foreign tradeSurplusSixty percent of the total. Imports from the United States were $36.6 billion, down 26 percent year-on-year6%, showing a deficit of $3.2 billion. Imports from Argentina were $11.5 billion, down 8. year-on-year6%。Therefore, the cooperation between China and Brazil is hugely complementary.
The complementarity between China and Brazil in cooperation is very obvious. China is Brazil's largest soybean import channel and BrazilOil, meat andIron oreand other important importing countries. For China, Brazil can provide a large number of mechanical and electrical products, chemical products, transportation equipment and instrumentation, etc., which has the advantage of high cost performance. This complementary industrial structure and pattern have created conditions for the Brazilian market to accept Chinese products. In addition, the internationalization development strategy of Chinese enterprises is also constantly changing, not only exporting goods, but paying more attention to the export of technology, standards, capital and services. Chinese enterprises plan and promote development from a global perspective, with the goal of pursuing mutual benefit and maximizing the use of global resources, which has brought new opportunities and impetus for the sustainable development of China and Pakistan.
The partnership between China and Brazil is not just about cooperation, but also about politics, culture and cultureTechnologyand other fields. As one of the countries furthest from China, Brazil was the first to establish a strategic partnership with ChinaComprehensive Strategic PartnershipThe high-level relations between the two countries are close, strategic communication and policy coordination have been continuously strengthened, and the space for cooperation has been continuously expanded. In the process of jointly pursuing modernization and development, China-Pakistan bilateral cooperation has set a friendly example of treating each other as equals, mutual benefit and common development. In the report "Outlook for China-Pakistan Relations Based on Common Interests", China clearly pointed out that it will continue to promote the development of bilateral investment between China and Pakistan, and promote the upgrading of economic and trade relations between the two countries through mergers and acquisitions, joint ventures, and equity participation. At the same time, China is also willing to provide technical and financial support to promote the sustainable development of bilateral economic and trade cooperation between China and Pakistan.
To sum up, the first-class cooperative relationship between China and Brazil has developed steadily, and with the support of the complementary industrial structure and pattern, the cooperation space between the two sides has been expanding. The sustained growth of China-Pakistan bilateral ** is not only for the two countriesEconomyThe development is beneficial, but also forworld economygrowth andLiberalizationA positive contribution has been made. Therefore, it is of great significance for the prosperity and stability of the two countries, as well as the region and the world, to continue to deepen China-Pakistan cooperation, strengthen policy communication and cooperation, and promote the comprehensive development of bilateral relations. The two sides should strengthen cooperation, further enhance investment facilitation, create a more open, stable and sustainable investment environment, and open up broader prospects for the development of China-Pakistan cooperation.