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China boosts trade with South America through new route

By YANG CHENG | chinadaily.com.cn | Updated: 2024-05-08 15:04

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The ship COSCO Shipping Argentina departed from Tianjin Port on Monday, marking the Beijing-Tianjin-Hebei region's first direct shipping route to the eastern coast of South America. [Photo provided to chinadaily.com.cn]

China has been Brazil's largest trading partner for 15 consecutive years, and Brazil is China's largest trading partner and direct investment destination in Latin America.

According to Tianjin Customs, in the first quarter of 2024, Tianjin Port's imports and exports with Brazil reached 28.82 billion yuan ($3.99 billion), a year-on-year increase of 36.6 percent.

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