Brazil: Foreign Direct Investment Breaks Historic Record

US dollar
Foreign direct investment (FDI) in the Brazilian productive sector
totaled US$ 2.483 billion in May, the highest result ever recorded by
the Central Bank of Brazil (BC) in the month of May since 1947.

In June this year, however, the BC is expecting a lower inflow of this type of investment. The projection is of US$ 1.5 billion. So far this month (24th), foreign direct investment inflow totals US$ 1.2 billion.

"The figure is somewhat lower than those of previous months, but is not that bad either," said the head of the Economic Department of the BC, Altamir Lopes. He said once again that FDI is spread across various sectors of the Brazilian economy. Lopes added that it is normal for FDI inflows to oscillate.

In the accumulated result from January to May this year, foreign investment in the production sector totaled US$ 11.234 billion. The forecast of the BC for this year is US$ 25 billion.

Exchange Surplus

The sum of dollar inflow and outflow in Brazil was positive by US$ 380 million from the 1st to the 19th of June. Commercial transactions (exports, imports and financing for foreign trade) ran a surplus of US$ 1.007 billion.

The flow of finance (investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations) posted a deficit of US$ 627 million.

The BC also informed that purchases of United States currency totaling US$ 1.597 billion were settled.

The figure resulted from US$ 3.4 billion in exports and US$ 2.3 billion in imports, according to the Ministry of Foreign Trade. So far this year, the surplus is US$ 12.4 billion.

The Brazilian trade surplus during the third week of June totaled US$ 1.131 billion, as a result of US$ 3.435 billion in exports and US$ 2.304 billion in imports, according to the Brazilian Ministry of Development, Industry and Foreign Trade.

In the three weeks of June, the trade surplus totals US$ 3.076 billion. During the period, exports totaled US$ 9.477 billion and imports, US$ 6.401 billion.

From January until the third week of June this year, exports totaled US$ 64.961 billion, and imports, US$ 52.513 billion. The resulting trade surplus is US$ 12.448 billion, a figure 23.6% higher than in the same period of last year (US$ 10.074 billion).

ABr

You May Also Like

Oil Bomb May Explode Another Presidency in Bolivia

Bolivian President Carlos Mesa faces further political turmoil. To the dissatisfaction of multinational energy ...

State and Market Need Join Forces, says Brazil’s BNDES Chief

The president of the BNDES (Banco Nacional de Desenvolvimento Econômico e Social – National ...

Brazilians Affected by Dams Hold a Week of Protests

Brazil's Movement of Those Affected by Dams (MAB – Movimento dos Atingidos por Barragens) ...

Brazil’s New Middle Class Hasn’t Shrunk the Inequality Gap

The past two decades have witnessed a series of political and economic rollercoaster rides ...

Brazil: Confessed Killer of US Nun Says He Was Hired by Nun’s Friend

In deposition that lasted four hours, Rayfran das Neves Sales, 28 years old, admitted ...

Brazil’s Voice in the World Counts a Lot, Says Sachs

Brazil plays an important leadership role in matters of global security and economic development, ...

New Foot and Mouth Oubreak in Brazil. 34,000 Cattle Already Sacrificed.

A new outbreak of foot and mouth disease was detected in Mato Grosso do ...

Brazil Is No Match for New Zealand

Brazil's status as an agricultural powerhouse is not currently threatening New Zealand's beef or ...

Brazilian Indian Becomes a Doctor in Havana. She’s First One to Do So

Maria da Glória Oliveira da Silva, of the Pataxó Hã-Hã-Hãe people, has just graduated ...

Coming Arab Summit in Brazil Already Bearing Fruits

Brazilian and Arab diplomats are optimistic about the possible results of the summit between ...