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:

You May Also Like

Brazilian Industry Grows But Timidly

Industrial production in São Paulo rose 2.95% in May, compared to April. It was ...

Brazilian Pandeiro Does Jazz in New York

Walking through the streets of Brazil, you will inevitably run into a roda de ...

Brazilian Dam Victims Camping in the Gardens of ID Bank

The families of the Movement of Dam Victims (MAB) will remain camped outside the ...

Getting Ready for War

Brazil is about to spend $700 million dollars on a fleet of jet fighters. ...

Brazil Rises Anticipating Interest Cuts

Latin American markets ended mixed. While profit-taking and weakness in the U.S. weighed on ...

Domestic News Brings Brazil Market Down

Brazil and Latin America moved lower on the session, as investors focused more on ...

Cae & Gil 120 Years of Sound

The partnership between Caetano and Gil is one of the most fertile and lasting ...

Brazil’s Burajirujins Are Third Largest Foreign Community in Japan

The Brazilian community is the third largest foreign community in Japan today. There are ...

Jordan King Getting Ready to Visit Brazil

With the goal of preparing the trip of Jordan's King Abdullah II to Brazil, ...

China Overtakes US as Biggest Importer from Brazil. US Still Exports More

China, in 2009, for the first time the biggest importer of Brazilian goods, overtaking ...