Brazil’s Trade Surplus Falls 38%, the Worst in Five Years

A Brazilian cargo train from ALL It was the lowest result since 2003 for the Brazilian balance of trade this past year. Brazil ran a surplus (exports minus imports) of only US$ 24.735 billion in 2008. While exports reached US$ 197.942 billion imports totaled US$ 173.207 billion, according to information supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.

The surplus is 38.2% lower than recorded in the previous year, of US$ 40.032 billion, when Brazilian foreign sales totaled US$ 160.649 billion and imports stood at US$ 120.617 billion.

In December, Brazil recorded a trade surplus of US$ 2.301 billion, as a result of US$ 13.818 billion in exports and US$ 11.517 billion in imports.

The surplus in December was 36.8% lower than recorded during the same period of 2007, when the trade surplus was US$ 3.639 billion, and 42.7% higher than the result for November 2008 (US$ 1.613 billion).

According to the weekly survey of the Central Bank of Brazil with market analysts, the Brazilian trade surplus should decrease a little further in 2009, to reach US$ 15 billion. The Central Bank, in turn, estimates the surplus for the year at US$ 14 billion.

ABr

Tags:

You May Also Like

Pope Benedict XVI talks to bishops meeting in Brazil

Pope Leaves Brazil Scolding Neo-Liberalism and Marxism

Pope Benedict XVI ended Sunday, May 13, his five day visit to Brazil with ...

Foreign Investment in Brazil and LatAm Might Drop Almost by Half

The Economic Commission for Latin America and the Caribbean (Eclac) has informed that the ...

Pork Exports Jump to US$ 1 Billion in Brazil. FAM Disease Didn’t Hurt Business.

Brazilian pork exports reached US$ 1 billion during the first 10 months of this ...

For Many Brazilian Intellectuals There Is no Salvation Outside Marxism

For a constitutional democracy to become a reality in practice, not just in theory, ...

Brazilian state-controlled Petrobras

Petrobras’s US$ 2 Bi Investment in the South of Brazil to Create 60,000 Jobs

Petrobras is investing US$ 2.1 billion in the Presidente Getúlio Vargas refinery (Repar), located ...

“Moro no Brasil”: Brazil’s Joy and Pain Through Her Music

"Moro no Brasil," (aka "The Sound of Brazil") Finnish director Mika Kaurismaki’s 2500 mile ...

Brazil’s Gol Flies 6 Million and Gets US$ 27 Million Profit in 3rd Quarter

Brazilian airline Gol announced preliminary unaudited financial results for the third quarter of 2008. ...

Brazilian Airline Gol Owes Its Huge Success to the Internet

Gol, Brazil’s low cost, low fare airline finished its second consecutive year as one ...

Accusation that the PT Was Bribing Congressmen Hurts Brazil

Latin American shares mostly moved lower on the day, hurt by a plunge in ...

Port of Santo's city in São Paulo

US and Brazilian Businessmen Rebel Against Brazil’s Red Tape

Brazilian and American entrepreneurs are working together in a campaign to pressure the Brazilian ...