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:

Ads

You May Also Like

How to Advertise in Brazzil.com

Our sitewide (including homepage) text link prices in brazzil.com are: One month = US$ ...

In Effort to Curb the Real Brazil Taxes ADR

The Brazilian government has just taken another measure aimed at containing the appreciation of ...

Brazilian first astronaut aboard the Soyuz space capsule

Brazil’s First Astronaut Is in Orbit

Brazil’s first astronaut, Air Force Lt. Col. Márcio Pontes, and two other astronauts, an ...

Presidents Lula and Bush

Lula’s Popularity is Low in the Americas, But Bush’s Is Even Lower

Ecuador's president Rafael Correa is the Latin American leader with most support in the ...

British Minister in Brazil. WTO Main Theme in the Agenda.

Ian Pearson, British Minister of Trade, Industry, and Investment, arrives in Brazil today to ...

Brazil Boosts Overseas Promotion Tenfold to Double Foreign Tourism

Brazil is going to invest US$ 120 million in the international promotion of Brazil ...

Brazil Wants to Be Japan’s Supplier of Added-Value Goods

“We want to be once again the preferred destination of Japanese investments,” said President ...

Brazil to Call for Neglected-Disease Fund: They Kill 35,000 People Each Day

Brazil and Kenya will call for an international fund for research on ‘neglected diseases’ ...

Brazil Largest Beneficiary of Mercosur’s US$ 300 Bi in Foreign Investment

Mercosur member countries received US$ 300 billion in foreign direct investments between 1990 and ...

New Pictures in Brazilian Jungle Show Tribe of Uncontacted Indians

The movement for tribal peoples Survival International has been divulging pictures taken by Brazil’s ...