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

Brazilian Economists Expecting Brazil Economy to Shrink

This year, Brazil's economy could shrink for the first time in 17 years as ...

Brazzil Magazine covers

Anti-Bush Protest in Brazil Turns into War Against Police

A popular protest against the visit of American president George W. Bush to Brazil ...

Brazzil Magazine covers

Brazilian Luxury Clothing Maker Looking for Rich Clients Overseas

Clothing by brand Coven, based in the state of Minas Gerais, specialized in knitwear, ...

Brazzil Magazine covers

Brazil Becomes UN Center for Alcohol and Other Drugs Treatment

Initiatives by Brazil and Egypt will be recognized, in the second half of the ...

Brazzil Magazine covers

Helio Alves: The Wizard of the Brazilian Keys

Helio Alves is not the kind of pianist that you can pigeonhole into any ...

Brazzil Magazine covers

Letters

Let’s skip the genitalia As a Brazilian Woman I must inform you, since you ...