Individual Country Market Import Price Data
106. Additional evidence responsive to the Panel’s question is found in various third country market import pricing data that was collected since 9 December 2003 by Brazilian embassies around the world. The data and the graphs are set out in Exhibit Bra-384. This data is available in two forms: (1) monthly import data from all sources, and (2) annual import data from all sources. While this information is not available to Brazil for many of the 40 export market countries, the available evidence confirms the other third country market data discussed above.
107. Monthly import data is available from Argentina, Ecuador, Hong Kong, Japan, Spain, Thailand, and the Ukraine. The data generally shows a close relationship between the movement of import prices and the movement of the A-Index. For example, set out below are graphs representing the data from Ecuador, Hong Kong, Japan and Spain:
 
The monthly data for these countries reflects fairly high-volume imports from all worldwide sources. The higher volumes guarantee a more accurate reflection of the bulk of prices within these countries. The link between A-Index and import prices is also confirmed by the data for Argentina, Thailand and the Ukraine in Exhibit Bra-384.
108. There is also annual import data available from a few countries. While annual data does not provide as detailed information concerning price movements within a year, it also supports a link between the A-Index and import prices. These import prices, in turn, serve as a proxy for prices in the third country market generally. For example, the available import data from China, Chile, and the United Kingdom is set forth below:147
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