According to the Foreign Trade Indicator (Icomex) report released by the Getulio Vargas Foundation's Economic Research Institute (FGV Ibre) on July 14th, China's share in Brazil's import market has reached 26% in the first half of this year, surpassing the United States' 16% and hitting a historical high.

As per Zhongjin's understanding, from January to June 2025, Brazil imported goods worth $21.7 billion from the United States, reflecting an 11.5% year-on-year growth. However, this only accounted for 16% of Brazil's total imports, almost dropping to its lowest level in nearly a decade, slightly higher than the 15.5% in the first half of 2024.

In recent years, China has begun to dominate the Brazilian import market, particularly in niche sectors such as automobiles, motorcycles, refrigerators, and stoves. According to foreign trade indicator data, in the first half of 2025, Brazil imported goods worth $35.7 billion from China, representing 26.3% of total imports, marking a historical high.

The automotive industry has been one of the key drivers of this growth trend. Based on data from the Brazilian Automotive Manufacturers Association (Anfavea), Chinese vehicles now hold a 6% share in the national market for this commodity. In the first half of this year, the sales of imported goods in the Brazilian automotive market grew by 15.6%, primarily driven by Chinese products.

Lia Valls, Deputy Researcher at FGV Ibre and Professor at the State University of Rio de Janeiro (UERJ), stated, "The trade structure between Brazil and China has undergone changes, and in the future, Brazil will import more consumer goods from China."