China purchases from Brazil could fall USD 2.8 billion, says UN

china commodity exports
Image: Tunasalmon/Shutterstock

The Covid-19 pandemic may reduce 2020 China’s commodities purchases from Brazil by some USD 2.8 billion, according to a study by the United Nations. The biggest drop will come in grains (USD 2.709 billion) and processed food exportation (USD 2.245 billion). In the best-case scenario drawn up by the UN, Brazilian sales to China will fall to USD 939 million. The estimates were reached by way of trade information from February and January.

Support this coverage →Support this coverage →