Exports to China offset U.S. tariff hike

The rise in Brazilian exports to China has offset the decline caused by the tariff hike imposed by the United States starting in August, according to data released by Agência Brasil. The surcharges, which reached up to 50% on Brazilian products, reduced sales to the U.S. market but did not prevent the growth of the country's total exports. Between August and November, the value exported to China increased by 28.6% compared to the same period in 2024, while sales to the United States declined by 25.1%. In volume, the behavior was similar, with a 30% increase in shipments to the Chinese market and a 23.5% drop in exports to the U.S. The difference between the evolution of values and volumes is related to the prices of the exported products. The information is part of the Foreign Trade Indicator (Icomex), released this Thursday (18) by the Brazilian Institute of Economics (Ibre), from the Getulio Vargas Foundation (FGV), based on data from the Foreign Trade Secretariat of the ...