Brazil Gets Record Trade Surplus in the Mercosur

Brazil’s trade surplus with its Mercosur partners (Argentina, Paraguay, and Uruguay) in 2004 was the highest since the creation of the bloc in 1991. Brazil exported US$ 8.91 billion and imported US$ 6.39 billion, yielding a surplus of US$ 2.51 billion.

In 2003, the balance generated a US$ 12.9 million deficit for Brazil in its commercial relations with its southern neighbors.


Brazil’s surplus in Mercosur trade represented 7% of the country’s overall trade surplus of US$ 33.69 billion in 2004.


Within the Mercosur Argentina was the country with which Brazil’s trade produced the highest surplus, US$ 1.8 billion (US$ 7.37 in exports versus US$ 5.57 in imports), equivalent to 71.4% of Brazil’s total trade surplus with the rest of the block.


Business with Paraguay resulted in a trade surplus of US$ 574.01 million (US$ 871.84 million in exports versus US$ 297.82 million in imports), equivalent to 22.8% of Brazil’s total trade surplus with the rest of the block.


For its part, trade with Uruguay generated a surplus of US$ 144.17 million (US$ 667.04 million in exports versus US$ 522.86 million in imports), equivalent to 5.8% of Brazil’s overall Mercosur trade surplus.


For the Brazilian director of the Mercosur Secretariat, Reginaldo Braga Arcuri, although the other countries had significant shares, the volume of Brazil’s commercial transactions in the Mercosur is particularly impressive, especially when it comes to the positive trade balance.


“This, however, is a reasonably natural state of affairs, since Brazil is, in fact, responsible for, let us say, around 70% of the region’s economy,” Arcuri observes.


Translation: David Silberstein


Agência Brasil

Tags:

You May Also Like

Brazilian Embraer’s Lineage 1000 Jet Gets US’s FAA Certification

Brazilian aircraft maker Embraer has received the Type Certificate (TC) and the Supplemental Type ...

Killing of Brazilian Was Terrible Mistake, Says London Police

The Metropolitan Police of London accepts "full responsibility" for the death of Jean Charles ...

Brazil Cosmetic Industry Hoping to Rake US$ 12 Billion This Year

Brazilian Exports of cosmetics grew 21% in the first eight months of 2008 when ...

Sudan

Darfur – Brazil’s African Side Show

President Luiz Inácio Lula da Silva has made Africa an important part of his ...

Brazil Betting Foreign Olympic Tourists Will Want to Travel Beyond Rio

They will watch volleyball, soccer, basketball, judo, swimming and fencing matches, but they are ...

São Paulo city

37% of All Brazilians Live in Six Cities

27.2% of the 5,507 municipalities in Brazil lost population between 1991 and 2000. On ...

Export and Domestic Growth Go Together, Says Brazil’s Lula

Brazilian President, Luiz Inácio Lula da Silva, said yesterday that Brazil is about to ...

Brazil’s Tapeba Indians Want Their Land Back

For many years, the Brazilian State claimed that there were no indigenous people in ...

The African Diaspora Gathers in Salvador, Bahia, Brazil

From today, July 12, to Saturday, July 15, the city of Salvador, in the ...

Brazil’s Mining Co. Vale Seems to Have Bought Overpriced Rio Tinto

Brazilian mining company Vale do Rio Doce may have paid too much for its ...