Brazil’s Exchange Flow in the Red by Over US$ 2 Billion This Month

Brazzil Magazine covers

Burning US dollar The total of dollar inflow and outflow in Brazil was negative at US$ 2.163 billion from December 1st to 12, and accumulates a surplus of US$ 3.227 billion so far this year. During the same periods in 2007, surpluses of US$ 4.868 billion and US$ 86.926 billion were respectively recorded. The figures were disclosed this Wednesday, December 17, by the Central Bank of Brazil.

The financial account (inflow and outflow of funds in Stock Exchanges, investment in bonds, remittances of profit and dividends to foreign countries, foreign direct investment, among other countries) for the flow of exchange, which is the most affected at moments of financial crises, posted a deficit of US$ 2.411 billion in the month.

There was also a deficit of US$ 45.041 billion in the accumulated result for the year so far. During the same periods in 2007, surpluses of US$ 2.463 billion and US$ 11.051 billion were respectively recorded.

The commercial account (which includes figures pertaining to the balance of trade, advance on exchange contracts – ACC – and advance payments for exports – PA) posted a surplus of US$ 249 million this month, but the figure was much lower than recorded in the same period of December 2007 (US$ 2.405 billion).

The trade surplus (exports minus imports) was lower partly due to the growth of imports during the month, which totaled US$ 5.062 billion, as against US$ 4.465 billion in the same period of 2007. Exports reached US$ 5.311 billion, as against US$ 6.870 billion in the first ten business days in December 2007.

So far this month, ACCs total US$ 1.828 billion and PAs, US$ 956 million, as against US$ 2.186 billion and US$ 1.722 billion recorded in the same period of 2007, respectively.

So far this year, exports total US$ 181.891 billion; imports, US$ 133.623 billion; ACCs, US$ 44.861 billion; and PAs, US$ 44.030 billion. From January until the first ten business days in December 2007 the figures were: US$ 177.608 billion, US$ 101.734 billion, US$ 44.568 billion and US$ 43.708 billion.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Boeing Tragedy: Brazilian Air Control Gave Bad Instructions

A transcript from the conversation between the Brazilian air control tower and the American ...

Brazzil Magazine covers

Brazil: How to Shop for Food

It is not easy to find products at Brazilian supermarkets. There are so many ...

Brazzil Magazine covers

Brazil Indian Chief Raoni Tells Lula: ‘We Want No Invader on Our Land’

Kayapó Indian leader Raoni has delivered a letter to Brazil's President Luiz Inácio Lula ...

Brazzil Magazine covers

In Popularity List Brazil’s Lula Comes at the Top. Bush and Chavez at the Bottom

Brazil and Chile's presidents, Luiz Inácio Lula da Silva and Michelle Bachelet, are the ...

Brazzil Magazine covers

Brazil’s Latest Bidding to Ensure Oil Self-Sufficiency Through 2015

Brazil’s Minister of Mines and Energy, Silas Rondeau, affirmed that the Seventh Round of ...

Brazzil Magazine covers

Brazil’s House Speaker in a Hurry to Get Political Reform to Avoid Crises

The president of Brazil’s House of Representatives, Deputy Severino Cavalcanti (from the PP party ...