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Booming Brazil’s foreign trade reaches global record GDP level

Brazil's trade flows, including exports and imports, reached 39% of GDP (gross domestic product) in 2021.

This is the highest percentage in the World Bank's historical series, which began in 1960.

Previous record holder China reached 35% of GDP in 2020, the latest available comparative data. In Brazil, the figure was 33%.

China's GDP and foreign trade volume are much larger in absolute terms than Brazil's.

Until the mid-1970s, China's trade flow was less than 10% of its GDP. In Brazil, the share was twice as high in some years.

In 1985, however, the . . .

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