Despite Doom Predictions Brazil’s Trade Balance Grows 4.2%

Brazzil Magazine covers

Exports from Brazil totaled US$ 3.114 billion in the first week of October, which represents a reduction of 8.92% when compared to foreign sales in the previous week.

Imports also fell 4.52% and totaled US$ 1.985 billion. With this, the trade balance surplus in the week totaled US$ 1.129 billion.

The accumulated trade balance in the year has already reached US$ 35.131 billion, with growth of 4.23% when compared to the surplus registered in the same period last year.

The trade balance result remains above the 2005 levels, despite the official and private forecasts that the annual result would be lower.

The food performance for the year is the result of total exports equivalent to US$ 103.827 billion against imports of foreign products for the value of US$ 68.696 billion.

There has been expressive growth in both trade flows, with Brazilian sales growing 15.95%, and purchases rising more, 23,02%.

Tags:

You May Also Like

Brazzil Magazine covers

In Showdown with Brazil Over AIDS Drug Patent, Abbott Blinks First

On June 24, Brazil issued an ultimatum to the Illinois-based pharmaceutical corporation Abbott Laboratories ...

Brazzil Magazine covers

Bulls Stampede in Brazilian Market: Stocks Jump 13.42%

After five days of steep decline the Brazilian market went into extremely high gear, ...

Brazzil Magazine covers

Ex-President Cardoso Is in The Wings, Ready to Play Savior of Brazil

There is not a single political leader who has not an eye turned to ...

Brazzil Magazine covers

Deep in Red, Brazilian and LatAm Markets Sing the Bluest Blues

This past week brought Brazil and Latin America an economic tsunami with the region's ...

Brazzil Magazine covers

Sending Money with Brazil’s Warranty Seal

Brazilians far away from home have a new, easy and secure way of sending ...

Brazzil Magazine covers

Brazil’s Popular Press Has Also Room for Science

Science is a major topic in Brazilian newspapers aimed at low-income social classes, along ...