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:

You May Also Like

Brazil Mourns Loss of Pioneer Woman Writer

Writer Rachel de Queiroz, who would be 93 in two weeks, had a very ...

Brazil Wants Cuba at Latin America’s Table

Following a work session yesterday, in Rio, with other Latin American and Caribbean chancellors, ...

African Union Rains on Brazil’s UN Parade

African leaders at special summit Thursday in the Ethiopian capital, Addis Ababa, sent a ...

Most Kids in Brazil’s Shelters Are Not Orphans. 87% Have Family.

What is referred to as structural violence is the main reason that Brazilian children ...

New Brazilian Thermal-Electric Plant to Use Carbon Capture Technology

As announced by the Brazilian Development Bank (BNDES) on Thursday, May 21, the project ...

Brazil’s Bradesco Bank Joins Amex, and Google to Fight Child Porno

Brazilian bank Bradesco has become the First Institution in the Latin America region to ...

35% of Brazilians Over 40 Are Hypertense. Brazil Wants to Change This

How and why do hypertension and diabetes mellitus develop? This is one of the ...

Despite Infrastructure Woes Brazil’s Economy Is World’s 12th

A Gross Domestic Product (GDP) of US$ 729.6 billion, the 12th position in the ...

More Brazilian Soldiers Make Their Way to Haiti

The last group of Brazilian soldiers slated to join the 5th contingent of the ...