Exports Drop in Brazil While Imports Zoom Up

Brazzil Magazine covers

Brazilian exports added up to US$ 2.24 billion in the third week of the month, with a drop in 4% in relation to the previous week. On the other hand, imports registered US$ 1.81 billion, 42.7% more in the same basis of comparison.

With the result, the trade surplus in the week was of only US$ 433 million, or, 59.57% less than in previous week, of US$ 1.071 billion.

With this, the trade balance surplus added up to US$ 2.38 billion in the month, and registers an accumulated value of US$ 14.82 billion in the year.

Total exports add up to US$ 45.84 billion and imports, US$ 31 billion. The trade flow increased in both ways, but while sales increased 13.2%, purchases increased in a stronger rhythm, of 19.4%.

Energy Superpower

Speaking at the inauguration of an experimental biodiesel fuel unit last week in Rio Grande do Norte, president Luiz Inácio Lula da Silva declared that in the 21st century Brazil could become an energy superpower without the need to use nuclear power.

Pointing out that the H-biodiesel fuel being made at the experimental plant was efficient and ecologically-friendly, consisting of a mixture of diesel with vegetable oils, Lula went on to say that in the future the world’s developed nations are going to have to learn to produce biofuels from Brazil.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Has Second Consecutive Month of Deflation

Brazil’s General (Market) Price Index (Àndice Geral de Preços – Mercado) (IGP-M) showed deflation ...

Brazzil Magazine covers

Brazilian Industry Gets 16% Boost Thanks to Exports and Domestic Market

According to figures disclosed by the Brazilian Institute of Geography and Statistics (IBGE), boosted ...

Brazzil Magazine covers

Brazil Discusses Public Radio with the World

Radio broadcasters from Brazil and other countries attended a meeting of the Brazilian Association ...

Brazzil Magazine covers

World Rediscovers Joy of Drinking Brazilian Coffee

Coffee has always been a typical Brazilian product. In 1860, Brazil was already the ...

Brazzil Magazine covers

Brazil Petrobras Reaches Close to 2.4 Million Barrels of Oil a Day

Brazil's state-controlled oil company Petrobras produced an average of 1,854,748 barrels of oil per ...

Brazzil Magazine covers

Brazil Accused of Getting Biofuel with Slave Labor

Producing fuels from sugarcane, castor bean, and soybeans – the so-called biofuels – is ...