Brazil’s Surplus at US$ 38 Billion for Last 12 Months

Brazil’s trade surplus (exports minus imports) amounted to US$ 3.452 billion in May, lifting the cumulative surplus for the first five months of the year to US$ 15.646 billion.

This total represents an increase of 39.63% compared with the US$ 11.205 billion registered for the same period in 2004.


Foreign sales totaled US$ 9.819 billion last month, compared with US$ 7.941 billion in May, 2004, an increase of 23.65%.


Purchases of foreign goods, which amounted to US$ 6.367 billion, were up 31.85% from May, 2004, when imports came to US$ 4.829 billion.


These figures were released by the Brazilian Ministry of Development, Industry, and Foreign Trade.


For the year, exports total US$ 43.472 billion, and imports, US$ 27.826 billion. With the gradual increase in trade volume, the cumulative surplus for the past 12 months stands at US$ 38.111 billion.


If the pace of trade is maintained in both directions, the surplus will surpass the expectations of the financial market, which is predicting a surplus of US$ 35 billion.


Agência Brasil

Tags:

You May Also Like

Pope Benedict XVI meets Brazilian President Lula

Pope in Brazil to Deliver Tough Talk on Poverty and Crime

In his first full day in Brazil, pope Benedict XVI met for about 30 ...

To Brazil, Argentina Is Not In Default, But Simply in an Impasse

Brazil’s Finance Minister Guido Mantega says he would not classify as default Argentina’s situation ...

Petrobras to Use Six Nobles for Its Deepwater Operations Offshore Brazil

Noble Corporation announced Friday, June 3,  that the Noble Dave Beard ultra-deepwater semisubmersible has ...

National Mêlée

The Brazilian national anthem has a story that involves Don Pedro I, the Portuguese ...

Ethanol plant in Brazil

Ethanol Has Become a Big Employer in Brazil

Two years ago student Eric Ricardo da Costa, 33 years of age, left the ...

After US and Germany, Portugal Gets Brazil’s Distribution Center

The Brazilian Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, inaugurates tomorrow, ...

Brazil Now Has Guerrilla School and Quotas for Cuba

It all must have started with the first college of Theology. In establishing a ...

Brazil Ready to Produce the All National Braillewriter

The prototype of the first braillewriter produced entirely in Brazil was unveiled Wednesday, August ...

Brazil: EU and Mercosur Push for Free Trade Pact

Negotiators from the European Union and Mercosur have decided to begin a concentrated effort to ...

Beauty and the Beat

Bahia has a new muse. Banda Eva sells one million CDs and projects Ivete ...

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