Brazil has stopped exporting $56.2 bn to South America in 10 years

The loss of space in regional trade in the last decade made Brazil stop exporting $56.2 billion to South America in the last ten years. The conclusion is contained in a survey conducted by the National Confederation of Industry (CNI). According to the study, Brazil’s share in imports from other South American countries (Brazilian exports to neighbouring countries) fell from 14.5% in 2010 to 10.7% in 2019.

Source: Money Times