RT Event Follows Successful China Brazil Leader Meeting
The RT Imaging VIP Expo to be held in June 2023 will bring Chinese suppliers and Brazilian buyers together for the first time in three years. The June 16 event in Sao Paulo follows the Brazilian President’s meeting with China’s Xi Jinping on April 14, 2023.
Luiz Inácio Lula da Silva met with the Chinese leader on Friday as they signed a range of bilateral agreements. Both countries seek to strengthen already robust bilateral trade relations. Ties had weakened slightly under Brazilian predecessor Jair Bolsonaro, who backed former U.S. President Donald Trump in his anti-China stance. But now, over 20 agreements are now expected to be signed between the two nations.
RT Imaging VIP Expo, organized by RT, is an upgraded event from the traditional exhibition style. It is a VIP, high-level professional gala event focusing upon the needs of local markets.
The VIP Expo will be held in four cities in the Americas between June 13 and 23, 2023, including Sao Paulo (Brazil), Buenos Aires (Argentina), Bogota (Colombia and Mexico City (Mexico). The free event will be by invitation only and buyers can seek free tickets by contacting the organisers. Professional buyers with the ability to import products are able to obtain tickets or invitations to this intense, product-revealing event. A ticket also allows visitors to participate in a gala dinner with a keynote speaker and regional awards. The day provides one-to-one business networking opportunities for professional suppliers and buyers.
China is Brazil’s main trading partner. According to data aggregated by Santander, China accounted for 31.3 percent of Brazil’s exports in 2021. This was followed by the United States (11.2 percent), Argentina (4.2 percent) and the Netherlands (3.3 percent). Brazil’s main supplier was again China (22.8 percent), followed by the United States (17.7 percent), Argentina (5.3 percent) and Germany (5.1 percent).
As the following chart shows, Brazilian-Chinese bilateral trade has been strengthening year-on-year, increasing by some 11 percent in 2022 with a total trade increase of $157.5 billion, according to the UN’s Comtrade database. These figures may differ from other sources, if they are based on different indicators.
Another clear trend is that Brazil exports more to China than it imports from it – a rarity, as China, the globe’s manufacturing giant, is usually a greater exporter. China and India are both considered the major manufacturing countries of the BRICS, whereas Brazil and Russia are generally considered to be exporters of raw materials. Exporting manufactured goods usually makes more money than exporting raw materials and so this contrast is particularly surprising. One possible reason for Brazil’s surplus could be that it exports both agricultural products (animal feed) and fossil fuels (iron ore, oil) to China.
According to Planalto, Brazil’s top export to China was soy (36 percent of total exports) in 2022, followed by iron ore (20 percent) and oil (18 percent). The exportation profile changed slightly in January and February 2023, with oil leading at 23 percent, followed by soy (22 percent) and iron ore (21 percent). Meanwhile, the OEC states that the main products that China exported to Brazil as of 2021 were semiconductor devices, office machine parts and telephones.
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