English 
Francês 
Alemão 
Italiano 
Japonês 
Norueguês 
Portuguese 
Spanish 
3 min of reading 
Soybeans and corn are the most exported products to the Chinese market, today the largest destination for exports from Santa Catarina. In imports, solar panels top the list of products brought from China to Brazil by Tek Trade.
October, 2020 – Bilateral trade between Brazil and China surpassed US$ 100 billion in 2020. China is now one of the main sources of foreign profits for Brazil, with a total investment of nearly US$ 80 billion. The Chinese market is also the largest destination for exports from Santa Catarina. Only Tek Trade, a company specialized in foreign trade based in Balneário Camboriú (SC), has the largest percentage of imports and exports with the Asian country, currently at 80% of total business.
Read Also
- Brazil Becomes the Third Largest Supplier of Crude Oil to China
- China Becoming Carbon Neutral: What Will This Mean for Maritime Transport?
- Vale Signs Agreement with Port China to Expand Iron Ore Handling Capacity
“Until recently, the United States held the top spot in trade with Brazil, but China has surpassed it and is now the country with the most business dealings with Brazil, and we definitely have a lot to grow in this market,” says Rogério Marin, director of Tek Trade.
Currently, the company maintains a large volume of exports to China, mainly of commodities, with soybeans being the largest, followed by corn, wood, and more recently, peanut oil.
“Although we are experiencing a series of restrictions generated by Covid-19, which has altered China’s political position and image in the global market, this does not change the fact that Brazil produces a lot of animal and plant protein and the largest consumer of protein in the world is China, with a population of 1.3 billion people,” Marin adds.
-
Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
-
Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
-
Gasoline prices soar and the question arises: is ethanol more advantageous? The 70% rule reveals the limit with gasoline.
-
The government has made a decision and is starting a test with more ethanol in gasoline, anticipating a mixture of up to 35%, diesel with 25% biodiesel, and a study to assess the impacts on engines.
Besides Brazil, the USA and Russia are the largest producers of plant and animal protein in the world, mainly soybeans and corn used for feeding cattle and pigs, which generates a significant surplus allowing for large-scale sales to the Asian country.
“For this reason, a trade dispute with China is not beneficial for Brazil, as our trade balance is very positive; they are our largest buyers of soybeans, corn, and minerals.”
Solar Panel
Solar panels, which have been gaining interest and developing increasingly in Brazil, are imported from China, which holds 99% of the global market for photovoltaic modules. Currently, the Brazilian government has zeroed the import tax on solar equipment, which should further boost the solar energy market in the country.
“The reduction in cost should stimulate the creation of new projects both residential and commercial. Even those who are not in the field realize, by analyzing the numbers, that it is worth investing in a system like this. We expect a 7% increase in the volume of imported panels in the second half of this year compared to the same period in 2019,” says Sandro Marin, also director of Tek Trade.
About Tek Trade
Tek Trade is a company from Santa Catarina and has been operating in the import and export sector in Brazil for over 10 years. It is a founding member of SINDITRADE – Union of Foreign Trade Companies of the State of Santa Catarina. With thousands of successful import and export operations, Tek Trade has all necessary knowledge to operate efficiently in foreign trade serving companies from small to large. www.tektrade.com.br
Seja o primeiro a reagir!