Brazilian Exports More than Double in Four Years, Imports Grow 94%

Foreign trade hit new record highs in Brazil in 2006. Exports surpassed the goal set by the federal government, yielding US$ 137.5 billion, surpassing the forecasted US$ 135 billion. The growth compared with 2005 was 16.2%.

The data were presented yesterday, January 2, by the Brazilian Ministry of Development, Industry and Foreign Trade. The executive secretary at the ministry, Ivan Ramalho, announced that the goal for 2007 is to reach US$ 152 billion worth of exports.

Imports saw an even greater increase, 24.2%, reaching US$ 91.4 billion. Despite the fact that imports grew more than foreign sales, the trade balance surplus increased by 3%, at more than US$ 46 billion.

"Exports and imports reached record highs, showing that foreign trade is now on a new level, totaling a trade flow (exports plus imports) of US$ 228.9 billion in 2006, 20% more than the US$ 191.1 billion recorded in 2005," according to a press statement released by the ministry.

The ministry says record highs were attained in exports of all three product categories, with manufactured goods answering to the largest share, followed by basic products, and semi-manufactured products.

The sector that contributed the most in absolute terms was that of transportation material, with US$ 20.4 billion worth of products exported, followed by iron and steel products, petroleum and derivatives, iron minerals, soy complex (grain, oil and chaff), chemical products, meats, and sugar and alcohol sectors. The sectors that grew the most, however, were those of petroleum and derivatives, and sugar and alcohol.

According to the ministry, exports to all economic regions have increased, with the Middle East ranking first in terms of growth, with 35.7%. Exports to the region amounted to US$ 5.75 billion. Africa ranked third among the destinations that grew the most, with a 26% increase. Exports to the African continent yielded US$ 7.4 billion. The Arab countries are located in the Middle East and North Africa.

With regard to imports, there was also an increase in trade flow for all product categories, highlighting consumer goods (42.6%), fuels and lubricants (28.2%), capital goods (23.9%), and raw and intermediate materials (20.8%). Imports from all supplying regions have increased.

According to the Development, Industry and Foreign Trade Ministry, Brazilian foreign sales have more than doubled over the last four years, a period that corresponds to the first term in office of president Luiz Inácio Lula da Silva.

Re-elected, Lula was sworn in for his second term on Monday, January 1st. In 2002, exports totaled US$ 60.4 billion, representing a US$ 77.1 billion increase in exports during the four-year period.

Imports increased 93.5% compared with 2002, when they amounted to US$ 47.2 billion. "During these four years, the accumulated trade balance surplus has reached US$ 149.2 billion, contributing to the improvement of Brazilian foreign accounts and economic stability," according to the press statement released by the ministry.

In December alone, Brazilian exports yielded US$ 12.2 billion, a 12.3% increase compared with the same month in 2005. Imports increased by 10%, to reach US$ 7.2 billion. Brazil had a favorable trade balance of US$ 5 billion, and a trade flow of US$ 19.4 billion.

The Middle East ranked second among destinations that grew the most in December (76.7%, at US$ 689 million), followed by Africa (49.8%, at US$ 741 million).

Anba

Tags:

  • Show Comments (2)

  • Andreas Andreou

    Just the beginning
    To the poster above:

    By your inflection I am assuming you find these statistics for Brazil quite ridiculous and poor. But imagine that Brazil exports slightly less than Switzerland and manages to make a much greater surplus. More efficient and self sufficient in production? Appears to be. They need much less imports to survive. Sounds funny for such an undeveloped economy compared to the highly developed economy of Switzerland that imports around 140bn worth of goods and exports 148bn.

    Needless to say that imports and exports grew at around 100% over the past four years while Switzerland’s by a lot smaller. Brazil is just starting to enter the international trade. You do not have to be so dismissive. But then again if you knew what you were talking about you wouldnt have posted such an unneccesary post ja?

    I hope Brazil’s exports and imports keep on growing allowing the country to take a much more important role in international trade. It is a step in the right direction.

  • ch.c.

    What a joke !!!!!!
    My country, Switzerland, has around 25 times less population than Brazil, country size around 30 times smaller, no sea access, overall bad climate, no car manufacturer, no oil, no iron or whatever commodities in the ground……..

    ….AND……..

    WE EXPORT MORE THAN BRAZIL !!!!!!!!

    Continue to work hard……during the next several decades.

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

Brazil Lula’s Good Heart: 40,000 Public Jobs, Dole to 9 Million Families

Clientelism, a patron-client relationship that rests on personal loyalties and quid pro quo between ...

Brazil’s Navy Vessels on Their Way to Haiti

Five Brazilian Navy vessels, carrying 200 Marines, departed Monday, May 1st, from Rio de ...

Brazilian Foreign Minister Celso Amorim with Indian Trade Minister Kamal Nath

Brazil and India Would Rather Have No Deal than Bad Deal with US and EU

Ministerial representatives from the G4 group of influential trading players, European Union, United States, ...

Brazil to Shift to Domestic Providers in Oil Sector

A meeting with large companies in the oil and gas sector could generate business ...

Brazil and South Korea Promote UN Events on Non-Proliferation

Brazil and South Korea kicked off on Tuesday, November 25, two United Nations disarmament ...

Rare blue macaws can be seen at the San Francisco ranch

Voyeurs of the World Discover Brazil’s Pantanal

Old pond. / Frog jumps in. / Water-sound. The seventeenth century Japanese haiku poem ...

Brazil and France Will Produce Biofuel in Africa and the Caribbean

Brazil and France will develop projects to produce biofuel in African and Caribbean countries, ...

Brazil Has 6 Confirmed and 30 Suspected Cases of Swine Flu

With two more cases of swine flu confirmed this Friday, May 8, Brazil now ...

Brazil Drafts China and Mercosur into War on Piracy

Approximately 75% of the pirated items consumed in Brazil come from abroad, informed the ...

Low Inflation Leads Brazil to Hold Benchmark Interests at 19.75%

The nine members of the Brazilian Central Bank’s Monetary Policy Committee (Copom) decided unanimously, ...