Brazil’s Trade Surplus Grows 33% Reaching US$ 44 Billion

Brazzil Magazine covers

From the beginning of the year through last week, Brazilian companies exported US$ 44 billion more than they imported. This positive result (surplus) in the trade balance was announced Monday, December 26, by Brazil’s Ministry of Development, Industry, and Foreign Trade.

The surplus represents a 33.19% increase in comparison with the same period last year, according to the Ministry.

Up to this point, Brazil has exported US$ 116.314, 22.6% more than in 2004 during the same period. Imports have amounted to US$ 72.307 billion, 16.9% more than last year.

Since there are still five business days left to complete the year, the country’s exports are expected to surpass the US$ 117 billion export target set by the Minister of Development, Luiz Fernando Furlan.

Daily exports have averaged US$ 472.8 million so far this year. In December the daily average has been US$ 499 million.

In the week before Christmas (December 19-25), Brazil exported the equivalent of US$ 2.495 billion and imported US$ 1.395 billion worth of goods and services.

This represents a trade flow slightly down from the previous week, but still sufficient to generate a trade surplus of US$ 1.1 billion, raising the surplus for the month to US$ 3.574 billion.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Japan Offers Over Half a Billion Dollars to Have Their Digital TV in Brazil

Representatives of the Japanese system of Digital TV (DTV) said, this Thursday, February 2, ...

Brazzil Magazine covers

In Brazil, Morales Calls on LatAm to Expel US Envoys to Force End to Cuban Embargo

Evo Morales, president of Bolivia, who went to Brazil for a summit of 33 ...

Brazzil Magazine covers

Brazil Amazonas’s Drought Worst in a Century

Manaus, capital of the state of Amazonas, and the entire eastern region of the ...

Brazzil Magazine covers

Brazil Plans Infrastructure Works to Generate 2 Million New Jobs

Brazil will invest heavily in infrastructure this year, which will help create jobs and ...

Brazzil Magazine covers

For Decades Brazilian Children of Slaves Resist Eviction Among Rio’s Mansions

In front of Lagoa Rodrigo de Freitas in Rio de Janeiro, with a view ...

Brazzil Magazine covers

The US-Brazil Accord on Ethanol Is Good for GDP But Very Bad for Rural Poor

During Bush’s visit to Brazil thousands of poor, rural members of the international Via ...