Better than 2008: Brazil Accumulates US$ 23 Billion Trade Surplus in 2009

Brazilian train Exports from Brazil last week generated US$ 3.212 billion, and imports, US$ 3.216 billion, which resulted in a trade deficit of US$ 4 million, according to figures disclosed December 14 by the Brazilian Ministry of Development, Industry and Foreign Trade.

In the accumulated result for December, exports totaled US$ 5.83 billion, and imports, US$ 5.558 billion, resulting in a surplus of 372 million.

This year, Brazilian shipments generated US$ 144.362 billion, as against imports of US$ 120.788 billion, resulting in a surplus of US$ 23.574 billion, 1.8% more than in the same period in 2008.

Meanwhile Brazilian exports of leather, in November, grew 11% over the previous month. Sales totaled US$ 115.26 million. The figures were disclosed by the Confederation of Brazilian Hides and Skins Industries (CICB).

From January to November, exports of the product generated US$ 1 billion, which represented a reduction of 42% over the same period in 2008. According to the president at the CICB, Wolfgang Goerlich, the value exported should end the year 40%, or US$ 700 million, lower than revenues in 2008, which totaled US$ 1.88 billion.

"Our target for 2010 is to recover at least 50% of this difference, or around US$ 350 million, and at the same time redouble efforts to expand sales on the domestic market," said the executive in a CICB press statement.

The main destinations for Brazilian leather in November were China and Hong Kong, both with imports of US$ 373.78 million, Italy, with US$ 232.5 million; the United States, with US$ 89.35 million, and Vietnam, with US$ 38.23 million.

In the accumulated result for the year, among the countries that expanded their imports of Brazilian leather is Lebanon, with growth of 332% and purchases of US$ 167,440.

Tags:

You May Also Like

LETTERS

CDs or Books by Keyword, Title or Author By Brazzil Magazine The destruction of ...

Belo Monte Builders Accused of Deterring Indians from Planting Own Crops

One of the first things Norte Energia – the Brazilian consortium that made the ...

Economists Lower for Eighth Time in a Row Brazil GDP’s Forecast to Less than 1%

Brazilian financial organizations analysts revised down for the eighth week in a row the ...

Two New Laws for Brazil’s Disabled

Yesterday, December 2, Brazilian President Luiz Inácio Lula da Silva signed a decree regulating ...

Brazil Opens South America’s Largest Thermoelectric Plant

Petrobras inaugurated, Wednesday, May 31, the Governor Leonel Brizola thermoelectric plant, powered by natural ...

Brazil Fund Announces Meeting to Convert It to Open-End Firm

The Brazil Fund, Inc. announced that its special meeting of stockholders, which was reconvened ...

Brazilian Indians Demand Inquiry on Police Violence

In a massive display of solidarity about 130 representatives of 21 indigenous people in ...

Brazil’s Varig Repays Part of Debt in US Court and Delays Bankruptcy

Brazilian bankruptcy-bound airline Varig informs that, pursuant to a ruling by the Court of ...

Brazil: Lula’s Making Eyes at China

Among the agreements Brazil President Lula hopes to sign in China is one in ...

Short story – The Alienist – Machado de Assis

The Alienist Simăo Bacamarte explained that Dona Evarista possessed first-class physiological and anatomical conditions, ...