Brazil Expecting a US$ 37 Billion Surplus in 2005

Over the last twelve months, Brazil exported US$ 39.875 billion more than it imported. This result, which constitutes the country’s trade surplus, was announced yesterday by the Brazilian Ministry of Development, Industry, and Foreign Trade.

To reach this level, the companies installed in the country exported US$ 108.914 billion between August, 2004, and July, 2005.


This is the best result ever achieved, breaking the previous record of US$ 30.809 billion, registered between August, 2003, and July, 2004. This year’s surplus may thus surpass the forecasts of financial investors in the Focus Bulletin.


The Focus Bulletin is a weekly poll conducted by the Central Bank. The financial investors who were interviewed projected a US$ 37 billion trade surplus for 2005. If exports keep up their pace of the last twelve months, they may lift the year-end balance above this plateau.


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Your email address will not be published.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

Brazil Joins 21 Other Poor Countries to Cut Import Tariffs

Brazil together with 21 other developing countries signed this Wednesday, December 2, in Geneva, ...

Brazilian Airlines Grow International Flights by 40%

There was a 40% increase in the number of passengers transported on international routes ...

Brazilian Army to Get Made-in-Brazil Battle-Tested Missiles

Brazil gave a clear signal this week that is intends to advance in the ...

In Brazil You Have Degrading Labor and Then, Way Down, Slavery

Most of the victims of slave labor in Brazil are illiterate males, according to ...

Now Is the Opposition’s Turn to Get Involved in a Corruption Scandal in Brazil

After the mensalão (big monthly allowance) case rocked Brazil’s ruling party, the Workers Party ...

Brazil’s Potiguara and Tumbalalí¡ Indians Protest Against Demarcation Delay

Earlier this month, two indigenous peoples from the Brazilian Northeast were mobilized to sort ...

Brazil Police Give Green Light: American Pilots Can Go Back Home

Even if considered suspect by the Brazilian justice Joe Lepore and Jan Paladino, the ...

Library Program Represents Brazil at Cuba’s Book Fair

The Rural Libraries program, Book Chest, run by Brazil’s Ministry of Agrarian Development’s (MDA) ...

Brazil Keeps Key Interest Rate at Record Low 8.75%

The Central Bank of Brazil (BC) kept its key Selic interest rate at a ...

UNESCO Heritage Area in Brazil Hosts Cave Art Congress for 40 Countries

Professionals and lovers of archaleogy from almost 40 countries should arrive in São Raimundo ...