Brazil concerned with the concentration of its foreign trade: few products and volumes mostly to China

In the last ten years, up until 2021, Brazilian export to China grew at a greater rate that those to rest of the world. From 2012 to 2021, China’s importance as an export destination for the five regions in which Brazil is divided grew exponentially, and of the 27 federal states, 21 saw their sales to China grow above the expansion of their sales to the world. In the period, however, the export basket was negatively concentrated around a few Read Full Details…

European Economic News Preview: UK GDP & Foreign Trade Data Due

Quarterly national accounts from the UK and monetary policy decision from Russia are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK’s quarterly national accounts, industrial production and foreign trade figures. The economy is forecast remain flat sequentially in the fourth quarter, after shrinking 0.3 percent in the third quarter. The UK visible trade deficit is seen rising to GBP 16.4 billion from GBP 15.6 billion in November. Read Full Details…