Brazil Expecting Lower Surplus in 2006

Brazil’s exports totaled US$ 2.1 billion in the third week of February, as against US$ 1.5 billion in imports. Since import growth was greater, the trade balance (exports minus imports) of US$ 600 million for the period between February 13 and 17 was lower than the previous week’s surplus of US$ 881 million.

The most recent figures were announced Monday, February 20, by the Brazilian Ministry of Development, Industry, and Foreign Trade. They show that the cumulative surplus for the 13 business days so far this month stands at US$ 1.6 billion.

There are still five business days left in the month, but projections indicate that the surplus for the month will be smaller than the US$ 2.7 billion registered over the same period last year.

According to the Ministry’s department of foreign trade, exports since the beginning of the year amount to US$ 15.1 billion, while imports total US$ 10.6 billion, resulting in a surplus of US$ 4.5 billion, slightly higher than last year’s US$ 4.2 billion surplus for the same period.

While exports are up 19.5% this year in comparison with 2005, imports have expanded 26.6%. This is part of the explanation for the lower forecast in Monday’s, February 20, edition of the Central Bank’s weekly Focus Bulletin.

The market analysts polled by the bank now predict that this year’s surplus will come to around US$ 40 billion, compared with US$ 44.7 billion last year.

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Looks at Netherlands for Its Own Drug Decriminalization

Places where illegal drugs can be safely consumed still exist in the Netherlands. The ...

Brazil’s Lula: “From Head to Toe’ Committed to Poverty and Education

Speaking at a meeting on educational policy, president Luiz Inácio Lula da Silva declared ...

2010: Brazil’s Exports to Grow 12% and Imports 24%

Exports from Brazil should reach around US$ 170.7 billion in 2010, with growth of ...

Brazil’s Trade Surplus at US$ 23 Bi, US$ 14 Bi Less Than Last Year’s

Brazil's trade surplus in the second week of December totaled US$ 947 million. Exports ...

Brazil’s Lula Vows Elections Won’t Change His Economic Policy

In a speech in the city of Campinas, interior of São Paulo state, president ...

Frequent trouble with air traffic in Brazil has caused delays and long lines

By Killing Probe on Air Traffic, Brazil Misses Chance to Show Public Spirit

Despite the surprises and resentments related to the Brazilian cabinet reform, the subject in  ...

The Rise of the Brazilian Empire

Brazil’s imperialism is generally overlooked by Brazilians. The boundaries of Brazil were created mainly ...

It’s Time Brazil Stops Blaming the Past for Its Corruption Epidemic

Brazil is highly known for its diverse and dynamic culture. This population is the ...

An Inquiry on Brazil, That’s What We Need

{mosimage}The Parliamentary Commission of Inquiry (CPI) into the operation of the Brazilian Post Office ...

Summer Camp with Capoeira and Brazilian Zest

Baltimore’s first Brazilian Carnival Summer Camp opens June 27th and will feature Capoeira, the ...