Iron and Cars Bring State of Minas, Brazil, Record Exports

Brazzil Magazine covers

The state of Minas Gerais, in southeastern Brazil, exported the equivalent to US$ 1.49 billion in July. This record value is 31.9% greater than the total registered in the month of July 2005.

In the accumulated result for the year, exports from the state of Minas Gerais generated US$ 8.44 billion, 12.6% more than in the first seven months of last year and also a record for the period. These figures were disclosed yesterday (01) by the state government.

According to a statement published by the government of Minas Gerais, the state’s participation in Brazilian exports as a whole reached 11.3%. Still in the first half, the products that were most prominent in the state’s sales were iron ore, vehicles, iron laminates, iron alloys and pulp.

According to the statement, products considered "non traditional" in the trade balance of the state of Minas Gerais also presented a good performance, like toys and games, drinks, milk and dairy products, chocolate, hospital furniture and meats.

In the area of agribusiness, apart from meats, pulp and milk, prominent products include wood, soy and soy oil. Coffee, however, is the main agricultural product exported by Minas Gerais, although sales dropped a little when compared to last year.

The state’s imports, in turn, reached US$ 517.38 million in July. In the first seven months of the year, foreign purchases totalled US$ 2.59 billion, an increase of 21.3% when compared to the same period in 2005. The surplus in the trade balance was US$ 5.85 billion between January and July, 23.26% of the national total.

Anba

Tags:

You May Also Like

Brazzil Magazine covers

Former Miss Brazil Needs Surgery After Being Robbed in Rio

Leila Schuster, 35, who was Miss Brazil in 1993, got discharged from the hospital ...

Brazzil Magazine covers

Brazil Reaches the Pacific: From Sea to Shining Sea

A bridge was inaugurated the past weekend linking the town of Assis Brasil, in ...

Brazzil Magazine covers

Brazil’s Lula Says No to Last Debate and Opponent Calls Him a Deserter

Those who bet that Brazilian President Luiz Inácio Lula da Silva would take part ...

Brazzil Magazine covers

Brazil Again World’s Top Beef Exporter with Over US$ 3 Billion in Earnings

Brazil’s beef exports in 2005 should surpass US$ 3 billion, according to the president ...

Brazzil Magazine covers

Lula Vows Brazil’s Naval Industry Will Be as Good as the Air One

The Brazilian government announced it will promote Brazil's shipbuilding industry not only to supply ...

Brazzil Magazine covers

FIFA Is Still Too Timid Against Racism, Says Brazilian Researcher

The International Soccer Federation (FIFA) should sponsor a more vigorous worldwide campaign against racism ...