Exports Drop in Brazil While Imports Zoom Up

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

Monetary Easing in US Brings Record Day to Brazil’s Market

Latin American stocks powered higher, led by Brazilian shares, on indications the U.S. Federal ...

Fear Campaign in Brazil Hurts Marina and Helps Reelection of President Rousseff

Brazilian President Dilma Rousseff effective television campaign seems to have eroded Marina Silva’s lead ...

Hot Names

For all the globalization and Americanization of Brazil it’s a surprise to see there ...

Manifesto Urges Brazil to Promptly Cut “Absurd” Interest Rates

At yesterday’s, December 1st, meeting of Brazil’s Economic and Social Development Council, the president ...

Brazil’s Latest Boast: We Were IMF Debtors Now We Tell Them What to Do

Brazilian President Luiz Inácio Lula da Silva says that Brazil is climbing out, and ...

Brazil Lula Blames Global Instability on US’s Casino Mentality

The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported ...

The Scoop on What You Owe and How to Pay Brazil’s Tax Lion

In order to keep and maintain his CPF (Cadastro de Pessoa FÀ­sica – Physical ...

Argentina Calls Brazil a Heavy Weight and Complains About Asymmetries

Brazil and Argentina agreed to hold talks next week to address the ongoing trade ...

Brazil’s Timber Blocked by Greenpeace in Portugal

The cargo ship Skyman had nearly made its delivery of more than a quarter ...

Greenpeace Calls Deforestation in Brazil a National Shame

Greenpeace reacted with condemnation and outrage to the new Amazon deforestation figures released by ...