Brazil’s Trade Surplus Reaches US$ 15 Billion, 19% More than Last Year

Sugar plant According to information from the Brazilian Ministry of Development, Industry and Foreign Trade, Brazil ran a trade surplus of US$ 639 million in the second week of this month. During the week, exports totaled US$ 2.719 billion and imports, US$ 2.08 billion.

So far this month, the trade surplus is US$ 1.257 billion, with exports of US$ 4.749 billion and imports of US$ 3.492 billion.

From January until the second week of July this year, the trade surplus is US$ 15.244 billion, a figure 18.8% higher than recorded in the same period of 2008 (US$ 12.831 billion).

In the accumulated result up until last week, exports totaled US$ 74.701 billion and imports, US$ 59.457 billion.

Agribusiness Exports

Foreign sales of soy and its products, sugar and alcohol, and tobacco and its products boosted Brazilian exports in June. There was growth of 54% in shipments of tobacco and its products, of 48.9% in soy products and of 21.6% in sugar and alcohol products.

Overall exports grew 12% over the same period of last year, having totaled US$ 7.3 billion, with a surplus of US$ 6.6 billion.

Exports of soy and its products grew mostly as a result of shipments of soybean and chaff. Exports of soybean grew 71.3% in June over the same month of last year, from US$ 1.5 billion to US$ 2.577 billion.

In terms of volume, there was growth of 74.2%, with prices 1.7% lower than in 2008. Shipments of soy chaff grew 11.1% volume-wise, with an average price 8.4% higher. Thus, the export value grew more than the shipped volume, with an increase of 20.4%.

Exports of sugar and alcohol went from US$ 703 million to US$ 855 million, as a result of a 39.7% rise in sugar exports in June compared with the same month of 2008. Revenues from sugar sales totaled US$ 706 million.

Foreign sales of alcohol dropped by 24.5% in terms of value, having totaled US$ 150 million. In the last twelve months, Brazilian agribusiness exports totaled US$ 69.4 billion.

There was a reduction in imports of agribusiness products in June. They went from US$ 950 million to US$ 721 million, reduction of 24.1%. However, imports of certain products, such as wheat, have increased.

The imported volume grew 34%, but an average cost reduction of 43.7% led Brazil to spend less on purchases of the product: US$ 108 million as against US$ 143 million in the same period of last year.

ABr

Tags:

Ads

You May Also Like

Brazil’s Meat Exports to Reach US$ 8 Billion and Surpass Soybeans as Number 1

Brazil’s foreign sales of beef, pork, and poultry are expected to reach around US$ ...

Smile Brazil Helps Seniors, 75% of Which Are Toothless

Over 48 million people in Brazil have received free dental care since March, 2004, ...

Brazil Trying to Dethrone Colombia as Coffee King

Brazilian coffee will be the theme of a documentary by Lorenzo di Bonaventura, former ...

Fiscal Discipline at the Root of Brazil’s Growth and Falling Inflation

The past decade or so has been a particularly challenging one for the International ...

Brazil’s Isolated Amazon Indians Are a Link to the Past and a Life Lesson

What is it about the recent photographs of the “uncontacted” indigenous tribe of the ...

US to Buy Brazilian Military Planes to Use in Iraq

Embraer, a Brazilian airplane maker, is participating in preliminary negotiations to sell the US ...

Calamity State: Floods Kill 84 in the South of Brazil

The president of Brazil, Luiz Inácio Lula da Silva, is expected to sign this ...

Brazil Raises Sugar Cane Production 15% to Make Ethanol

Brazil should harvest 547 million tons of sugar cane by March 2008, the equivalent ...

Even as Solo Candidate Brazil Has Little Chance to Host the 2014 World Cup

The International Federation of Football Association (FIFA) Joseph Blatter is skeptic about Brazil’s chances ...

Brazilians Interest in Arabic Brings Old Book Back to Life

The Arab Brazilian Chamber of Commerce is relaunching the book "Elementary lessons in Arabic ...