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

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:

Ads

You May Also Like

Brazil President Asks for More Democratic International System in BRICS meeting

The president of Brazil, Dilma Rousseff, defended today, in New Delhi, India, reforms in ...

Bush Wants to End Import Tariff on Brazilian Ethanol

The President of the United States, George W. Bush, asked the American congress, last ...

In Brazil, a Special Secretariat to End Discrimination

The Special Secretariat of Policies for the Promotion of Racial Equality (Sepir) celebrated its ...

Calendar

Although this year’s Carnaval that took place in June in San Francisco is just ...

IMF: Brazil and Latin America’s Outlook and Challenges

Global growth reached a three decade high in 2004. Growth is projected to slow ...

Duduka da Fonseca and Hélio Alves's Songs from the Last Century

Duduka and Alves: a Brazilian Musical Team’s Delight of Discovery

Sometimes two musicians mesh with such stunning results that listeners feel the artists have ...

Computers are reading the future

h2>In Brazil these days, fortune tellers, palm readers, astrologers and all types of future ...

MyLady, Lingerie from Brazil for Expecting Moms Only

Brazil-based MyLady, which has been active in the lingerie segment for over 25 years ...

A sextet who’s rewriting our music

They’ve come from all over: Bahia, Rio Grande do Sul, Rio, Săo Paulo. They’ve ...

Blacks in Brazil Start Working Earlier and Retire Later than Whites

Brazilian blacks tend to enter the job market at an earlier age and spend ...