Surplus Times Are Gone. Brazil’s Trade Balance in the Red

Brazzil Magazine covers

Brazilian cargo truck Exports from Brazil in the third week of January totaled US$ 2.276 billion (daily average of US$ 455.2 million) and imports totaled US$ 2.654 billion (daily average of US$ 530.8 million), according to figures supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.

With the result, the balance of trade (exports minus imports) showed a deficit of US$ 378 million. During that period, bilateral trade (exports plus imports) reached US$ 4.930 billion.

According to the Ministry of Development, up until the third week of January, daily average exports saw a reduction of 21.2% over the average for January 2008 (US$ 603.5 million). In comparison with the daily average in December last year (US$ 628.1 million), there was a reduction of 24.2%.

Daily average imports until the third week of this month decreased by 9% over the average recorded in January 2008 (US$ 561.6 million) and by 2.3% over the daily average for December last year (US$ 523.5 million).

In the first eleven business days of 2009 – up until the third week – there was a trade deficit of US$ 390 million (daily average of minus US$ 35.5 million).

The figure represents a reduction of 184.6% over the 22 business days in January 2008 (US$ 41.9 million) and of 133.9% over the average daily result recorded in December last year (US$ 104.6 million).

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Our Ship Sank Off Brazil’s Coast March 2007. We Are Still Here Held Hostage (Part II)

I wrote this in August 2010.  This title remains the same, only now it ...

Brazzil Magazine covers

Musical Chairs Continue at Brazil’s Lula Cabinet

In the presence of President Luiz Inácio Lula da Silva, Jaques Wagner took office ...

Brazzil Magazine covers

The Best of Brazil by Bike

I spent four weeks cycling in Brazil and Uruguay. Imagine a four week whirlwind ...

Brazzil Magazine covers

Brazil: Ten Years After Landless Massacre Gunmen Still Have the Last Word

On 17 April 1996, military police began clearing landless protesters from the PA-150 highway ...

Brazzil Magazine covers

New US Ambassador Takes Post in Brazil and Starts Preparing Obama’s Visit

After seven months waiting for the US Senate to confirm his appointment due to ...

Brazzil Magazine covers

Dengue May Have Already Killed Over 50 People in Bahia, Brazil

Dengue, the mosquito transmitted disease, which has caused havoc in the heartland of South ...