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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

New York Gets to See Documentary on Brazil’s Black Rebel Slaves Villages from 1600s

Quilombo Country, the award-winning documentary about Brazilian villages founded by escaped and rebel slaves, ...

Brazil’s Fiocruz Opens Doors and Wallet to Foreign Postdoctoral Researchers

One of Latin America’s largest biomedical research institutes has launched a new grant program ...

Brazil: A Touch of Despair at the PT Court

Let’s begin with the diagnosis issued last week by President Lula, one of the ...

Now, It’s Brazil’s Defense Minister Who Comes in Defense of Iran

After declarations by Brazil’s Foreign Minister, Celso Amorim, in favor of dialogue with Tehran, ...

Let the Yankees Go, Pilots’ Lawyers Urge Brazilian Superior Court

"They cannot be kept in Brazil indefinitely. And they cannot be punished for being ...

Brazil Vows to Crack Down on Under-the-Table Money for Election Campaigns

The Chief Justice (presidente) of Brazil’s Election Board (TSE, Tribunal Superior Eleitoral), Minister Carlos ...

Brazil’s Central Bank Survey Forecasts Weaker Dollar

In the view of the 100 market analysts surveyed by Brazil’s Central Bank (BC) ...

US Monsanto Extends Sugarcane Ambitions Buying Brazilian Firms

Missouri- based Monsanto is investing in a new large-acre row crop, sugarcane, to diversify ...

Brazil, the Republic of Monoglots

Last week, all the newspapers and the overall press in Brazil gave wide release ...

An Explosive Situation in Rio: Manholes Detonating Like Bombs

Once again this week a manhole in the center of Rio, on the corner ...