Brazil is country with most concentrated exports to China
Brazil was the seventh-largest seller to China in 2021, a position that contributed to assuring a record surplus in the Brazilian trade balance last year. Among the ten countries that sold the most products last year to the world’s second-largest economy, however, Brazil was the one that had the most concentrated agenda. Only ten products were responsible for 91.4% of the total value that Brazil exported to China last year.China’s increasing share in Brazilian exports, concentrated on just a few items, is only paralleled by large oil exporters such as Angola, Qatar, and Oman (which sell very few products to China), and exposes the performance of Brazilian exports not only to the ongoing volatility of commodity prices but also to the expected slowdown in the Asian country, experts say. The International Monetary Fund (IMF) projects a 4.4% growth in China’s GDP in 2022 after an 8.1% increase in 2021.With a dynamic similar to that of Brazil, although with a lower concentration in the export list, is Australia, the fifth country that sold the most to China last year, with the "top ten" products accounting for 88.2% of the amounts exported. Russia, tenth in the ranking of the biggest exporters, has a concentration of 75%. Taiwan is the first supplier to the Chinese, with the top ten products reaching 71.2% of their exports.The situation of these countries contrasts with that of South Korea, Japan, and the United States, which follow in this order Taiwan among China’s largest suppliers. The three countries have a much lower concentration of the ten most sold products: 51.5%, 20.5%, and 37%, respectively, according to Chinese government data.Among the 50 largest GDPs on the planet, only Nigeria (the 31st largest global economy) and Iraq (47th) have sales to China that are more concentrated in ten products than the exports from Brazil, which is expected to be the tenth-largest in the world this year. In both cases, oil is the main product to China. Iraq is the third-largest supplier of the commodity to the Asian country, and it represented 99.3% of its sales last year.Even as the seventh-largest supplier to China last year, Brazil was the leader in sales to the Asian country in only 48 products. The champion in this ranking was Japan, with 1,444 items, followed by Germany, with 856 products, and the United States, with 796.Figures available on Brazil’s side also show a concentration of the export agenda. Last year the Chinese absorbed 31.3% of...
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