Brazilian Surplus in 2006 Already Close to US$ 6 Billion

The US$ 1.217 billion trade surplus in the fourth week of February was more than double the previous week’s figure of US$ 579 million. Export performance was stronger, bringing in revenues of US$ 2.920 billion, as against US$ 1.703 billion in import expenses.

As a result, the trade surplus (exports minus imports) for the month rose to US$ 2.822 billion, slightly higher than the US$ 2.776 billion surplus registered in February, 2005, and nearly equal to the US$ 2.844 surplus obtained in January of this year. There were 22 business days in January, compared with only 18 in February.

So far this year, exports have totaled US$ 18.021 billion, 18.6% more than during the same period last year. Although imports, amounting to US$ 12.355 billion, have grown even faster, at a rate of 20.7%, foreign business as a whole has been sufficient to lift the trade surplus in the first two months of the year to US$ 5.666 billion, 14.16% more than in 2005.

The overall trade balance figures, which were announced, this Thursday, March 2, by the Brazilian Ministry of Development, Industry, and Foreign Trade, also indicate that the cumulative surplus over the past 12 months (March, 2005 to February, 2006) comes to US$ 45.463 billion.

ABr

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Your email address will not be published.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’s Family Grant Gives Up to US$ 38 to Extremely Poor

Brazil government’s Family Grant (Bolsa FamÀ­lia) program, part of Zero Hunger, added another 153 ...

Brazil’s Perdigí£o Grows 310%

Brazil’s meat processor Perdigão posted a year-to-date growth of 49.4% in export revenues amounting ...

Lula Blames Red Tape for Delays on Brazil’s 2014 World Cup Preparations

Brazil has just announced investments equivalent to US$ 3.2 billion to upgrade airports in ...

Brazil: A Touch of Despair at the PT Court

Let’s begin with the diagnosis issued last week by President Lula, one of the ...

Brazil: Lula’s PT Splits

The creators of the new Socialism and Liberty Party, a dissidence from the government’s ...

Brazil Warns Chavez: Keep Your Hands Off Mercosur

Brazil’s Luiz Inácio Lula da Silva warned Venezuelan President Hugo Chavez that "interference" by ...

Brazil’s Shout of the Excluded Demands New Economic Model

The manifesto of the Shout of the Excluded, a movement that got underway Monday, ...

Brazil's CVRD

Brazilian Multinationals Want a Bigger Share of the World Market

The Brazilian companies are taking up better and better positions in the list of ...

A Day Out in the City of God

There is a different, heavier atmosphere on this side of the road; a lot ...

Payrolls and Trade Surplus Are Up in Brazil

After falling for two consecutive months, industrial sector payrolls rose in September 0.3%, compared ...