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皇冠体育app surpasses US to become Brazil's biggest trading partner

(Xinhua)
Updated: 2009-05-05 15:22

皇冠体育app replaced the United States to become Brazil's biggest trading partner, said Brazil's Ministry of Development, Industry and Exterior Trade on Monday.

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According to the trade balance released by the ministry, the sum of Brazil's exports and imports with 皇冠体育app reached $3.2 billion in April, over the $2.8 billion in its trade with the US.

Trade Minister Welber Barral said the change was "historic," as the US has been Brazil's biggest trading partner since the 1930s.

According to Brazil's official statistics, the bilateral trade volume between Brazil and 皇冠体育app reached $36.44 billion in 2008, increasing 55.9 percent from 2007, among which Brazil's export volume to 皇冠体育app hit $16.4 billion, import volume $20 billion, rising 50.8 percent and 56.9 percent from the previous year respectively.

However, Barral said that the Brazilian government is trying to diversify the exports to 皇冠体育app, which till now are mainly soya, cellulose, fuel, and manufactured products.