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

Brazil’s Stock Market – the Path to Riches or Rags?

I have just read an interesting book called "Emerging Markets" published by the Economist. ...

Brazzil Magazine covers

Rescue from Sea

Surveying the panorama, I saw mile after mile of developed beaches fronted by high-rise ...

Brazzil Magazine covers

The Brasília Consensus: What Brazilians Want

The fat lady hasn’t sung yet, but if the October 24 DataFolha poll is ...

Brazzil Magazine covers

Reality Check: Life in Brazil Through the Eyes of a Foreigner – An Excerpt

‘Reality Check: Life in Brazil through the eyes of a foreigner’ was published last ...

Brazzil Magazine covers

Brazil-Argentina Space Mission, a 9-minute Success

Brazil and Argentina have successfully launched a rocket into space in the first joint ...

Brazzil Magazine covers

Joggers, Gourmands, Nudists, Everyone Is Welcome in João Pessoa, Brazil

João Pessoa is a city of about 600,000 people in the Northeast Brazilian state ...