Brazil-Russia trade reaches US$ 4.3 billion a year
Brazil in Russia
Russian President Vladimir Putin will receive President Michel Temer to discuss ways of expanding partnerships
Brazil and Russia have expanded bilateral relations in recent years. Trade flows between the two continent-sized countries have become even more intense in recent years, reaching US$ 4.3 billion last year. Furthering cooperation between the two nations, President Michel Temer is embarking on an official trip featuring a full agenda of meetings in Russia beginning on Tuesday (21).
With weather limitations caused by its long and intense winters, Russians need to stock up on products from other countries. Meats, seeds, sugars, confectionery and food preparations are among the items most often exported to Russia. In 2016, 60% of Russia's animal protein imports came from Brazil.
In this scenario of climatic adversity, Brazil's producers have risen to meet the demand. The country is now trying to expand and diversify the range of products traded with Russia, especially in the agricultural segment.
Investments in Brazil
Conversely, fertilisers are the top item in Russian sales to Brazil, followed by mineral fuels, aluminum, cast iron and many others in a long list of exports.
Russia has also expanded investments in the Brazilian productive sector. Inflows for Q1 2017 are already 329% higher than the total for the entire year of 2016 - from US$ 8 million last year to US$ 35 million between January and April last.
With Michel Temer's trip, the country can offer Russia even more opportunities for investment in the productive sector. The Grow Project, which aims to expand Brazilian infrastructure, will be presented as one of the possible entry points for Russian investments in Brazil.