Brazil Expecting a 2005 Record Surplus of Over US$ 42 Billion

Brazil exported US$ 2.221 billion last week, 15.06% less than in the previous week, in consequence of last Tuesday’s, November 15, Proclamação da República (Republic Proclamation) holiday.

The drop in imports, which totaled US$ 1.297 billion, was somewhat greater (-22.61%). These results produced a US$ 924 million surplus for the week and an average daily surplus of US$ 231 million.

With this increment, the trade surplus for the first twelve business days in November surged to US$ 2.752 billion surpassing the US$ 2.076 billion surplus registered for the entire month of November, 2004.

This amounts to an average daily surplus of US$ 229.33 million, leading to a projected monthly surplus that will be this year’s second best, if the volume of international trade continues at its present level. Only July, when the surplus attained US$ 5.007 billion, will have been better.

The overall figures on the trade balance were released Monday, November 21, by Brazil’s Ministry of Development, Industry, and Foreign Trade (MDIC).

They indicate that this year’s trade surplus comes to US$ 39.102 million – US$ 9.585 billion (or 32.47%) more than the surplus registered over the same period last year, which was the best ever up to this point.

The cumulative surplus so far this year reflects the difference between exports worth US$ 103.501 billion (22.4% more than during the same period in 2004) and imports totaling US$ 64.399 billion (up 16.9% in comparison with last year).

The growth in trade flows leads to a projected annual surplus of more than US$ 42.4 billion, according to the Focus Bulletin, published Monday by the Central Bank and based on the expectations of market analysts and financial institutions.

Agência Brasil

Tags:

Ads

You May Also Like

In prosperity Finland Is 1st. US 9th, Brazil 41st, Zimbabwe Last

In South America Brazil loses to Uruguay, Chile, Costa Rica and Argentina when the ...

Lula Calls Brazil’s GDP Growth “Excellent News”

Brazilian President Luiz Inácio Lula da Silva remarked yesterday, May 31, that the growth ...

Brazil: New Plant Will Almost Double Fruit Processing for Savannah Fruits

The northeastern region of the state of Goiás in the Brazilian Midwest has already ...

Brazil Lauded for Curbing Child Labor by 61%

For being "an example of good practices," Brazil was selected to participate in Monday’s ...

Concrete Jungle

Cariocas (people from Rio) and Paulistas (those from São Paulo) are afraid to visit ...

Brazil Is World’s Number 3 in Franchises with Revenues of US$ 135 Bi in 2010

Last year alone, 14,365 new franchises were opened in Brazil, generating 144,000 new work ...

Brazil Cooperatives Sell Less Overseas, But Revenues Grow 28%

Cooperatives in Brazil had revenues of US$ 1.86 billion with exports in the first ...

Brazil’s Varig Gets to Fly to Paris Again

Brazilian Varig Airline, the bankrupt company which has become a subsidiary of Gol after ...

Brazil to Export US$ 2 Billion in Software

President Luiz Inácio Lula da Silva reaffirmed that, until 2007, Brazil intends to export ...

Investors Take the Money and Brazilian Markets Ebb

Latin American markets were mixed to lower on the session, as Brazil pulled back, ...