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

Brazil Opens Half-a-Billion-Dollar Line of Credit for Hotel Industry

Brazil’s Ministry of Tourism and the Brazilian Development Bank (BNDES), last week, established a ...

Brazil Says It’s Ready to Be a UN Security Council Member

Brazil’s Ministry of Foreign Relations stated that the G-4 Group – Brazil, Germany, India, ...

The G-20, the US and the EU, All Have to Yield, Says Brazil’s Lula

"A "triangular commitment" must be forged between the European Union, the G-20 (the group ...

US Ready to Lend Brazil US$ 10 Billion for Oil Exploration

Brazil's Planning Minister Paulo Bernardo da Silva revealed that the United States is prepared ...

Brazil to Replay Its Agricultural Prowess This Year

Brazil’s 2005 agricultural harvest should attain 119.48 million tons, practically the same as in ...

Brazil’s Wooing the Middle East

The sales from the state of Paraná, in the South of Brazil, to the ...

Brazil Leaves Key Interest Rate Alone at a Steep 13.75%

Brazil's Monetary Policy Committee (Copom) decided to keep, this Wednesday, October 29, the Selic, ...

Brazilians Want More Representativeness at Mercosur Parliament

Brazilian House representative Doctor Rosinha, who is the president of the Mercosur Parliament defends ...

Four Brazilian Indians Nominated for Nobel Peace Prize

Amongst the 52 Brazilian women nominated for the “1000 Women For the Nobel Peace ...

Brazilian Ethanol Giant Cosan Buys ExxonMobil Brazil

Brazil's sugar and alcohol sector giant Cosan announced today, April 24, the purchase of ...