China Is The Main Destination For Import And Export Business From Santa Catarina

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.

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“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.

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