Exports Bring Brazil US$ 769 Million Surplus

Brazil’s balance of payments (the country’s total revenues minus its outlays) showed a US$ 769 million surplus in February, according to the Brazilian Foreign Sector Report released Tuesday, March 21, by Brazil’s Central Bank (BC).

This result is a direct reflection of favorable international trade conditions, which enabled the country to obtain a US$ 725 million current account surplus, enough to offset the US$ 240 million deficit in the financial account.

The current account covers all the country’s transactions abroad, including merchandise exports, import expenses, foreign debt interest payments, insurance, freight, and unilateral transfers.

The standout performers in February were the trade surplus (US$ 2.81 billion) and the net inflow of foreign portfolio investments, which totaled US$ 3.7 billion. On the other hand, net outlays on services acquired abroad amounted to US$ 567 million, 60.6% higher than in February, 2005.

The BC report also shows that the country’s international reserves rose US$ 491 million last month, bringing the total to US$ 57.4 billion.

The estimated foreign debt ("estimated," because there is usually a 90-day time lag before the consolidated figures are available) declined more than US$ 450 million in February in relation to December’s consolidated balance of US$ 169 billion.

December’s figure includes US$ 18.1 billion in short-term debt (up to 12 months) and US$ 151 billion in medium and long-term obligations.

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Your email address will not be published.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 Has as Many Railway Tracks as in 1922: 18,000 miles

The 11 concessionaire companies working in the Brazilian railway system should invest 3.7 billion ...

International Lawyer in Brazil to Denounce Chavez’ Human Rights Abuses

Venezuelan political prisoner Eligio Cedeno's representatives are visiting Brazil this week seeking what they ...

Brazil: Lula Should Know He’s Not a Czar

The government of Brazil erred in speaking against the report in The New York ...

Song of Jilted Love

Waiter By Rodolfo Espinoza A composer, who for more than three decades has been ...

Brazilian Bar Association Ready to Call for Lula’s Impeachment

The Brazilian Bar Association (OAB) decided, Monday, November 7, to create a commission to ...

Now, Brazil Wants Zero Deforestation

Brazil’s Minister of Environment, Marina Silva, reports that the government is studying the establishment ...

US’ Aleris Acquires Brazil’s Recycling Firm

U.S.-based Aleris International, Inc. announced that it has acquired Tomra Latasa Reciclagem, a recycling ...

Pregnancy Train

Rio’s Health Secretary is worried that many girls are showing up pregnant in the ...

Interest-Rate Cut to 18.5% Boosts Brazil Market

Latin American stocks were mixed, with Brazilian stocks posting robust gains on expectations of ...

A Brazilian Water-Sports Brand Gets a Place Under Global Sun

Mormaii, the main Brazilian neoprene surf clothes and water-sports brand, sells it products in ...