In Brazil Exports Double and Imports Halve

Brazilian agribusiness exports have already broken a record this year: Growth in January was 11.1% compared with January, 2004. According to the National Confederation of Agriculture and Livestock (CNA), this is this highest index registered in January since 1997.

The head of the CNA’s Foreign Trade Department, Antônio Donizeti, informed that exports have practically doubled over the last eight years, from US$ 23.4 million to the current figure of US$ 39.1 million.


Imports, on the other hand, have been halved, from US$ 8.2 million to US$ 4.8 million, over the same period. “Agribusiness is the sector responsible for Brazil’s excellent trade surplus,” he guaranteed.


Donizeti observes, however, that this pace of growth should decrease in the coming months, in light of the forecast for a drop in soybean prices around the world.


“This year Brazilian soybean exports will decrease from US$ 10 billion to US$ 9 billion, compared with last year. Even so, the harvest should grow from 50 million tons to 61 million tons,” he explains.


If soybeans are causing the indices to decline, meat is keeping exports at a balanced level.


“Mad cow disease and Asian bird flu opened new markets for Brazil,” Donizeti remarks, and, in his view, the performance can get even better if Russia reopens its market to Brazil.


Sugar and alcohol exports also registered growth in January: 38.7%, corresponding to US$ 254.5 million, compared with the same period in 2004. Coffee exports were also up, 69.4%.


Translation: David Silberstein
Agência Brasil

Tags:

You May Also Like

Brazil's Angra nuclear plant

Brazil Pondering the Nuclear Option

Brazil will increase the use of nuclear energy if it cannot build enough hydroelectric ...

Brazilian chicken ranch

With Avian Flu Behind Brazil’s Chicken Exports Grow 85%

Brazil exported around US$ 400 million in chicken meat during the month of May, ...

Brazil Is Rich, Brazilians Are Poor

Brazil’s per capita income continues to grow. According to the UN, that index has ...

Paraguay Rejects Brazil’s Offer and Insists on Fair Price for Electricity

Brazil's proposals regarding the non renegotiation of the Itaipu treaty was rejected by the ...

The Story of Higher Education in Brazil: Too Many Openings, Too Few Good Schools

Instead of the consumption of classes, education is a process of knowledge accumulation. But ...

Paraguay Tells Brazil: We Don’t Want a Friendly Hand. But Justice and Our Money

Fernando Lugo, the president of Paraguay, said he is looking forward to the coming ...

European Firm Wants to Build Military Planes in Brazil

Rio Grande do Norte state in the Brazilian Northeast might house a military aircraft ...

Cover of January 2007 issue of National Geographic Magazine

Saving the Planet Is the World’s Duty. Not Brazil’s Alone

The January 7 issue of National Geographic features the Amazon as its cover story. ...

Brazilian University Will Fill Half of Its Vacancies with African Students

Brazilian President, Luiz Inácio Lula da Silva, forwarded to the National Congress a bill ...

Lula Is No Disease, Just the Symptom of a Decaying Brazil

Brazil’s President Lula da Silva is immersed in a seemingly endless corruption scandal; his ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`