Imports Up, Exports Down and a Shrinking Surplus in Brazil

In the fourth week of July imports rose over 15% and exports dropped 17.5%, compared to the third week of July.

The trade surplus for the week was an anemic US$ 343, with the average daily value of exports at only US$ 68.6 million.


This was the second week in a row characterized by a sharp rise in imports and big drop in exports.


For the year the trade situation remains strong. The cumulative January-July surplus is now US$ 22.712 billion, up over US$ 5 billion, compared to the same period last year. Exports for the year are up 22.4%, and imports up 19%.


ABr

Tags:

You May Also Like

Brazil Pays Homage to Kyoto Accord

In homage to the Kyoto Protocol, which went into effect on Wednesday, February 16, ...

Brazilian and Arabs Exchange Biotecnology Information

The semiarid climate is one of the main themes of the Summit of South ...

Brazilian Plastic Industry Exports Fall 15%

The plastics industry in Brazil earned US$ 1.1 billion from exports of processed plastic ...

Most Kids in Brazil’s Shelters Are Not Orphans. 87% Have Family.

What is referred to as structural violence is the main reason that Brazilian children ...

Pope Benedict XVI arrives in Brazil

The Real Reason Behind Pope’s Visit to Brazil: to Squash Liberation Theology

Ask any ordinary Brazilian Catholic why the pope is visiting Brazil, and the corny ...

Brazil’s Steel to Invest US$ 13 Billion

The Brazilian steel sector will invest US$ 13 billion on expansion through 2010. The ...

Brazil’s Petrobras Workers Go on Strike and World’s Oil Prices Zoom Up

As if oil prices weren't high enough with Middle East tensions, market speculation and ...

Furniture Fair in Brazil Shows the Best World Has to Offer

The International Machines, Raw Materials, and Accessories Fair for the Furniture Industry – Fimma ...

The Best Time for Brazil to Go Multinational Is Right Now

Brazil's former minister of Agriculture, Marcus VinÀ­cius Pratini de Moraes, who is now the ...

Brazil’s Lula Urges Congress to Approve Small Business Project

Brazilian President Luiz Inácio Lula da Silva, speaking to the nation during his weekly ...