Brazil’s Surplus Reaches US$ 21 Billion

With exports at US$ 58.466 billion, Brazil’s cumulative trade surplus for the year has now reached US$ 20.990 billion. That has prompted the Central Bank to officially raise its projected year-end surplus estimate from US$ 30 billion to US$ 30.1 billion.

Imports for the year are now at US$ 37.476 billion. The average daily value of exports is running at 39 percent more than during the same period in 2003, and the average daily value of imports is up 31.7 percent.

In the third week of August, Brazil had a trade surplus of US$ 742 million (exports of US$ 2.056 billion and imports of US$ 1.314 billion). For the month, the surplus is US$ 2.461 billion.

Agência Brasil

Tags:

You May Also Like

Not Since the Dinosaurs Demise Species Had It So Bad, Say Experts in Brazil

Brazil announced plans to expand protection of the Amazon rain forest, as cabinet ministers ...

China and US’s Growth Should Boost Brazil’s Exports

The growth of some of the main world markets may benefit Brazilian exports this ...

Latin America Will Grow Meager 0.3 Says World Bank

Brazil might do a little better, but growth in Latin America will plunge strongly ...

OAS Holds Political Forum in Brazil

“Democracy is impossible without transparency and citizen participation,” the Organization of American States’ (OAS) ...

Lula Talks About Cuts in Interest and Market Soars in Brazil

Latin American markets continued to power higher alongside modest strength from the U.S. A ...

Lula, the Reluctant President

Lula does not look like a man about to assume power.  He looks as ...

Brazil: Northeasterners Get No Respect

Brazilian TV viewers may associate what is deemed as successful attributes with urban or ...

US Steel Firms to Ask Duties on Brazil Be Revoked

The Precision Metalforming Association (PMA) will testify before the U.S. International Trade Commission’s (ITC) ...

AIDS drug Kaletra from Abbott

In Showdown with Brazil Over AIDS Drug Patent, Abbott Blinks First

On June 24, Brazil issued an ultimatum to the Illinois-based pharmaceutical corporation Abbott Laboratories ...

Brazil Wins the Cotton War Against the US

Brazil gained a definitive victory at the World Trade Organization (WTO) against US cotton ...