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Brazil’s Trade Balance Reaches US$ 23 Billion, 5% More than Last Year

Brazilian exports added up to US$ 3.06 billion on the third week of July, a drop in 6.54% in relation to the total exported on the previous week; and imports reached US$ 2.03 billion, a drop in 1.21%.

Even so, the international trade flow yielded a positive surplus of US$ 1.03 billion in the week. The accumulated surplus in the month added up to US$ 3.94 billion, with six days to go to the end of July.

In the year, the trade balance surplus reached US$ 23.47 billion, with an increase of US$ 1.12 billion (5.02%) in comparison to the result registered in the same period last year.

The year’s surplus is the result of exports worth US$ 70.81 billion (+19.24) against imports equivalent to US$ 47.33 billion (+27.66%).

Zebu Breeders

The Brazilian Export and Investment Promotion Agency (Apex) and the Brazilian Zebu Breeders Association (ABCZ) signed this morning, July 24, an agreement for promoting products and services abroad.

The agreement involves actions to encourage exports of bovine semen and embryos, live cattle, veterinary products, animal supplements, pasture seeds, equipments for breeding animals and genetic improvement services.

According to information supplied by Apex, there will be investments of US$ 1.87 million and the aim is to make the participating companies reach an annual exports volume worth US$ 27.7 million up to 2008.

ABr, Anba

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