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The China in Africa Podcast
[GLOBAL SOUTH] What's Driving the Surge in Brazil's Business Ties With China
May 28, 2024
Tulio Cariello from Brazil-China Business Council discusses the booming trade between China and Brazil in tech, agriculture, and natural resources. The podcast explores Brazil's benefit from China-US tensions, BYD's expansion in Brazil, and the significance of Chinese investments in Brazilian sectors.
48:45
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Quick takeaways
- Brazil leads in corn exports to China, while Chinese EV brands dominate the market, indicating strong industry growth.
- Brazil-China trade remains robust despite political differences, with record exports exceeding $100 billion last year.
Deep dives
China-Brazil Trade Relations and Electric Vehicles
Bilateral trade between China and Brazil surged, particularly in the corn and soybean sectors, with Brazil now leading in corn exports to China. Chinese investment in Brazilian electric vehicles has seen a significant rise, with two Chinese brands dominating the Brazilian EV market. The sector is experiencing substantial growth, with plans for expanding the supply chain in Brazil.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode