Exports Way Up in Brazil

The year’s accumulated surplus on the Brazilian trade balance has already
beaten an historic record, outdoing even last year’s total surplus.

According to information from the Foreign Trade Secretariat (Secex), up to the 4th week in September, the accumulated value was of US$ 24.888 billion, result of US$ 68.807 billion in exports and US$ 43.919 billion in imports.


During the whole of 2003, the registered surplus was of US$ 24.794 billion, result of export shipments worth US$ 73.084 billion and US$ 48.29 billion worth of imports.


According to information on Agência Brasil, the official Brazilian news agency, the value registered up to the 4th week of September is 41.84% greater than the accumulated surplus for the same period in 2003, which was of US$ 17.543 billion.


Based on these numbers, the Brazilian Central Bank disclosed September 27 a weekly research, put together with the exporting sector, which increased surplus forecast from US$ 31.5 billion to US$ 32 billion until the end of the year.


According to Agência Brasil, this result was achieved because of the 4th week in September, where the country exported US$ 2.214 billion and imported US$ 1.292 billion, generating a surplus of US$ 922 million.


The daily average in September, in comparison to the same month last year, increased by 32.5% in exports and by 26.5% in imports.


During the week there was an increase in sales of manufactured products such as plane iron and steel plates, aeroplanes, frozen orange juice, ethylic alcohol, cargo vehicles, transmitter and receiver appliances amongst others; and basic products such as soy grains, iron ore, soy chaff, cattle beef, coffee and cotton.


There was, however, a decrease in semi-manufactured goods shipments by 12%.


During the month, the trade balance remained favourable to the country, up to now, by US$ 2.939 billion, result of US$ 7.452 billion in exports and US$ 4.513 in imports.


In comparison to August 2004, there was an increase in exports by 6.5% on the daily average, and of 3,9 on the imports daily average.


During September there was an increase in exports in all three product categories (manufactured, semi-manufactured and basic).


ANBA – Brazil-Arab News Agency

Tags:

Ads

You May Also Like

When in Brazil…

Doing business in Brazil requires an understanding of that country’s differing work ethics. There ...

Deputy Calls for Banning Monsanto and GM Seeds from Brazil

The presence of transgenic corn seeds in municipalities in the state of Rio Grande ...

Brazilian University Starts Cooperation with African Schools

The University of Manouba, in Tunisia, is interested in projects for special education developed ...

Brazil’s Petrobras to Spend US$ 6.5 Billion in Its Biggest Project Ever

Petrobras presented plans for a US$ 6.5 billion petrochemical complex described as the "biggest ...

Brazil Outlaws Nets for Catching Lobster

To put an end to predatory lobstering in Northeast Brazil, the government prohibited the ...

Brazil Puts Blame of Cattle’s Disease at the Cow’s Hoof

Finally everything has been explained: Paraguay is not to be blamed for the foot ...

TAM, Brazil’s Flag Carrier Airline, Joins Star Alliance

Brazilian flag carrier airline TAM announced its entry into the Star Alliance, the largest ...

Brazil: When Judges Go Beyond and Above the Law

The last days of the military regime (1964-1985) coincided with an incredible rise of ...

A Brazilian Furniture Hub Discovers Design and Ecology

In operation for over 40 years, with 312 companies in nine cities and generating ...

President Rousseff Says Brazil Is Getting into Era of Prosperity with Drop in Inequality

According to Brazilian president Dilma Rousseff, Brazil is moving into an ‘era of prosperity’ ...