Over the years, Brazil has become an open economy making bilateral trade processes with any country more smooth and profitable. The country has always faced an export boom while trading in goods like gold and diamonds.
Moreover, because of its large spread geographical presence, Brazil serves both as a market for EU exporters as well as a significant source of import.
Recently, trade between Brazil and Portugal showed an escalating trend growing by 13 percent in the first 11 months of this year compared to the same period of 2006. The average bilateral trade reached US $1.9 billion which is quiet an achievement.
Experts from the industry confirm that exports from Brazil increased by 16.2 percent reaching $1.6 billion while that of Portugal grew by 8 percent and stood at $308.4 million.
Exports from Brazil largely included shoes among other commodities. Besides, records of last month show that Portugal purchased goods worth $137.4 million, whereas Portugal exports to the markets in Brazil amounted to $42.5 million.
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