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16.11.24 16:45

Economy

Brazil and Russia reach historic record in bilateral trade in 2024

The growth in trade between the two countries reflects the strengthening of economic cooperation between the two countries

Brazil and Russia reached historic levels in trade volume in October this year, with the Latin American country exporting US$216 million in goods to Russia, a 100 per cent increase on last year's figure.

The growth in Brazilian exports reflects the strengthening of economic co-operation between the two countries, as reported by Brasil 247, a partner of TV BRICS.

Russia's sales to Brazil also increased by around 9 per cent in the period mentioned, reaching US$1.05 billion.

In addition, in October 2024, bilateral trade between Brazil and Russia totalled US$1.3 billion. In the first ten months of 2024, trade reached US$10.8 billion, representing a 20 per cent increase compared to the same period last year.

Photo: iStock

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Sergey Lavrov

Russian Foreign Minister

"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned"

Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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