• Categories
  • Archives

Brazil on Course to Reach US$ 33 Billion Surplus

Brazil is very close to reaching the trade balance surplus forecasted for 2004. The accumulated balance between January and the second week of November has reached US$ 29.3 billion, 88.9% of the total forecasted for the year.

This means that the country has seven weeks to reach the US$ 33 billion forecasted by the Central Bank.


Brazilian export revenues reached US$ 82.9 billion from the beginning of the year to the second week of November, having grown 30.7% when compared to the US$ 63.4 billion in the same period in 2003.


Imports in turn rose from US$ 42.1 billion to US$ 53.5 billion, showing growth of 27.1%.


In the first two weeks of November, export revenues totalled around US$ 421.4 million per day, 41% more than that registered in the same period in 2003, when sales totalled US$ 299 million per day.


Exports grew motivated mainly by sales of semi-manufactured goods, like iron, steel, sugar, aluminum, wood, leather, and cellulose. These kinds of products had 77.3% greater daily exports.


The increase in foreign trade revenues from basic products rose 41.4% when comparing the daily average of November this year to that of November 2003.


The products showing the greatest increase in trade were tobacco, oil, soy, iron ore, chicken meat, cattle beef and pork.


Daily exports of manufactured goods, among them oils, pumps and compressors, machinery, motors, vehicles, shoes, furniture and laminates rose 33.4%.


The daily import increase was motivated mainly by the expansion of purchases of ironworks and pharmaceutical products, vehicles, plastics, optical and medical equipment, electric and electronic equipment, chemical products, fuel and mechanic equipment.


The daily average of imports totalled US$ 284.9 million, 33.7% more than the US$ 213 million of November 2003.


In the first two weeks of November, exports reached US$ 3.7 billion, and imports US$ 2.5 billion. The surplus reached US$ 1.2 billion.


ANBA ”“ Brazil-Arab News Agency

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Bring Your Own Condom to Brazil for the World Cup, Warns the US

A booklet published by the US Centers for Disease Control and Prevention (CDC) for ...

Brazil Defends GMOs at UN and Bars Tougher Rules on Biosafety

Key United Nations negotiations on the safe trade of genetically modified (GM) crops and ...

Four Brazilian Indians Nominated for Nobel Peace Prize

Amongst the 52 Brazilian women nominated for the “1000 Women For the Nobel Peace ...

Brazil Drags Latin America Up

Latin American markets rose, led by a surge in Brazilian equities to a record ...

Three Tons of Marijuana Seized in Brazilian Northeast

The Brazilian Federal Police (PF) intends to intensify its efforts to combat the cultivation ...

Brazil’s Most Notorious Prostitution House Becomes a Museum

Brazil's most famous temple to lust and prostitution may soon become a fond memory ...

Brazil’s Antarctic Base Hooked Up to the World by Satellite

On Friday, March 17, Brazil’s Antartic research base (Estação Antártica Comandante Ferraz) got connected ...

Brazil’s Arab Summit, a Rebuff to U.S.’s Bullying

Ministers from 33 South American and Middle Eastern countries on Sunday began preparing the ...

Common Goals and Challenges in Brazil-US’s Agenda

The United States and Brazil share an important common agenda to further democracy in ...

U.S.A. Calendar

MONDAY 1 NEW YORK 9:00 PM – Brazil Night with Vanessa Falabella at The ...