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China tops US as leading Brazil trade partner

(Agencies)
Updated: 2009-05-05 09:51

BRASILIA -- Brazil is reporting that China has surpassed the United States as its leading trade partner.

Brazil's Ministry of Development, Industry and Foreign Commerce says trade with China last month reached $3.2 billion, compared to $2.8 billion with the United States.

The ministry said Monday in a statement published online that total year-to-date trade with China is at $10.2 billion, up 13.9 percent from the same period last year.

Related readings: Brazil's agricultural exports to China up 52.5% in March China, Brazil sign oil deal  Official urges more co-op with Brazil China, India, Brazil join inner regulatory circle China, Brazil vow better partnership

The ministry said exports to China were $2.2 billion in April, a rise of 76 percent from the previous month.

The United States imported $1.3 billion in Brazilian goods during April. Argentina was the third-largest importer, at $820 million.

Soy and iron are among key Brazilian exports.