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Your email address will not be published.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

UN Sees Crime Rising in Brazil

The “State of the World’s Cities, 2004/2005” report, issued yesterday in Barcelona by the ...

Brazilian Army Caves in to Favela’s Drug Dealers

The Brazilian Army withdrew Monday, March 13, from several Rio de Janeiro favelas (shantytowns) ...

Letters

Why do you do this? Love your magazine! But I have a vexing problem… ...

In Brazil, TV Is Untouchable

We had a dramatic example of the incompetence of the Brazilian State in curbing ...

Without Answers, Brazil Senate Summons Psychic to Find Out Blackout’s Causes

At the request of senator Arthur VirgÀ­lio, the leader of the opposition party PSDB ...

Brazilian Chancellor Sacks Critic and Puts Friend as Head of US Embassy

The US State Department has already received the agrément from the Brazilian government with ...

Brazil: Unifying Amazon Projects

The Brazilian government new proposal for the Sustainable Amazônia Program has five central axes: ...

How to fabricate racism

In the end, sometimes not even a line of the original dispatch survived. But ...

Two Visions of Brazil: A Shantyless or Shantyful Country

More than any other Brazilian city, São Paulo can serve as a witness of ...

Brazilian President Ready for 5th African Tour

Brazilian President Luiz Inácio Lula da Silva will make an official visit to Algeria ...