A Deeper Look into the Expanding Brazil-PRC Relationship and its Implications
On March 28th, 2023, the President of Brazil, Luiz Inácio Lula da Silva, who was recently inaugurated, will be conducting a State Visit to the People's Republic of China (PRC). The invitation of President Xi Jinping highlights the significant, longstanding commercial and political relationship between the two countries and the prospects for the relationship to expand and assume a more strategic character under the new Lula administration, with significant implications for the United States and the region.
Brazil's top trade partner is China, with bilateral trade amounting to $152.6 billion in the previous year. Coming in at a distant second, the United States has recorded $88.8 billion.
China is Brazil's largest trading partner and Brazil is China's ninth-largest. Figures from the Chinese General Administration of Customs indicate that in 2022, the trade volume between the two countries totaled $171.49 billion, a 4.9 percent increase from the previous year.
The relationship between Brazil and the People's Republic of China is both extensive and varied. The trade between Brazil and China increased from $4.1 billion in 2002 to a staggering $152.8 billion in 2022, representing a 37-fold growth in a span of two decades.  Over the last twenty years, Chinese companies based in the People's Republic of China (PRC) have invested an estimated $70 billion in the region, which makes up 40 percent of all PRC investments in the area. The significance of Brazil to China is demonstrated by this.
In 2009, China became Brazil's largest trading partner, surpassing the United States, and since then, the connection between the two countries has become even stronger.
Since the start of his term, Lula has expressed his desire to foster the political aspect of Brazil and China's relationship. He is attempting to create an international “mediating group” so as to make Brazil a significant international mediator in the Ukraine conflict, and this could involve involving China.
The Brazilian President’s upcoming state visit to the PRC, from March 26 to 31, is expected to bring a new era and future for the countries’ relations. Chinese Vice President Wang Qishan attendance at Lula’s inauguration as well as Lula’s scheduled trip to the PRC on March 28 are indicators of the strong commitment by both sides to the relationship and interest in deepening it.
0. “Brazil's Lula to Visit China on 26 March | Sada Elbalad” See, 17 Mar. 2023, https://see.news/brazils-lula-to-visit-china-on-26-march
1. “Brazilian president to visit China – Chinadaily.com.cn” China Daily, 17 Mar. 2023, https://www.chinadaily.com.cn/a/202303/18/WS6414fdc9a31057c47ebb52e9.html
2. “The State of and Prospects for Brazil's Relations with China” Global Americans, 15 Mar. 2023, https://theglobalamericans.org/2023/03/the-state-of-and-prospects-for-brazils-relations-with-china/