Brazilian Exports Start 2006 in Promising Pace

Brazzil Magazine covers

In Brazil, there is a normal, seasonal drop in exports at the beginning of the year. For example, the trade surplus in December 2005 was US$ 4.346 billion, compared to US$ 2.183 billion in January 2005.

So, although exports during the first week of January were down 14.2% compared to the first week in December, Brazil still exported a total of US$ 2.124 billion in goods during the first five days of January 2006, an increase of 19.8% over the first week of 2005.

The rhythm of foreign trade remains strong at the beginning of 2006. The daily average value of exports is running at US$ 424.8 million, and imports at US$ 275.8 million.

During the first week of January 2006 the trade surplus was US$ 745 million.

Cell phones and vehicles lead manufactured sector exports

According to the Ministry of Development, Industry and Foreign Trade, the biggest growth in Brazilian exports last year was in manufactured goods.

Compared to 2004, exports of manufactured goods rose 23.5% in 2005, accounting for 54.9% of all exports, compared to 55.1% in 2004.

The total of exported industrialized goods (manufactured and semi-manufactured) rose to 68.6% of all exports, leaving raw materials to account for 29.3%.

Leading sector exports were cell phones (up 99.6%), cargo vehicles (50.4%), tractors (40.2%) and earth-moving equipment (37%). Also strong were refined sugar (36.7%) and autos (31.6%).

Exports of cell phones to the United States, which remains the biggest buyer of Brazilian goods, rose 180%, aircraft 246% and tractors 242%.

There was also a surge in manufactured goods exports to Argentina: cell phones up 176%, tractors up 194% and diesel motors up 415%. Sales of compact cars to Argentina also rose over 42%, while larger models were up 36.5%.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Torture, death squad, 9,000 Killed in 5 years: a Portrayal of Brazil’s Police

One of the main criticisms of Brazil appearing in the Amnesty International Report 2006 ...

Brazzil Magazine covers

To Sell Organics Abroad Brazil Needs Rules and Organization

Turned to farmers, producers and processors of organic products with International Certification, the OrganicsBrasil ...

Brazzil Magazine covers

Brazil and Neighbors Request US$ 100 Million Loan for Foot and Mouth Disease

Southern Cone countries have requested US$ 100 million from the Interamerican Development Bank, IDB, ...

Brazzil Magazine covers

Fueled by Ethanol and Phone Rates Brazil’s Inflation Goes Up to 6.30%

Mid month thirty days consumer prices index in Brazil accelerated to 0.28% during August ...

Emulating the US, Brazil Builds High-Security Wall on Paraguay Border

Brazil confirmed that it will build a steel and concrete wall along the Paraguayan ...