Brazil Starts Year with Bang Exporting Half a Billion Bucks a Day

The international trade flow began the year at a rhythm similar to last year. With four working days, the fist week of 2007 generated a trade balance surplus (exports minus imports) of US$ 617 million, with a daily average of US$ 154.25 million – little over the US$ 149 million of the first week of 2006.

The general trade balance figures show that foreign sales reached US$ 2.02 billion, with a daily average of US$ 505.8 million, and purchases totaled US$ 1.40 billion, an average of US$ 351.5 million.

The figures were disclosed Monday, January 8, by the Brazilian Ministry of Development, Industry and Foreign Trade.

According to the Focus bulletin, published by the Brazilian Central Bank, which shows market forecasts, for the year, the trade balance surplus should be approximately US$ 38.60 billion – 16% less than the 2006 record surplus of US$ 46.07 billion.

It is worth recalling, however, that the forecasts for early 2006 were that exports should drop 10% when compared to 2005, whereas there was actually an increase of 3.5%.

Tags:

Ads

You May Also Like

Brazil’s Stock Exchange Becomes World’s Third Largest and Plans Expansion

Brazil's stock exchange Bolsa de Valores de São Paulo (Bovespa) has merged with the ...

Brazil Expects a 30% Jump in Exports to Arabs

The president of the Brazilian Export Promotion Agency (Agência de Promoção de Exportações, Apex), ...

Brazilian fan all dresse up in the green-yellow national colors

I Couldn’t Cheer for Brazil in the World Cup. Blame It on Their Arrogance or My Jealousy.

It wasn’t what I was expecting but a final traumatic weekend of losing World ...

Red Tape: For Refugees Trying Brazil Many Call But Few Are Chosen

Until April this year, Brazil received 1,938 refugee applications, but only 680 were accepted. ...

Brazil's Gilberto Gil, singer, composer, Brazilian Culture Minister

See and Hear Brazil’s Gilberto Gil in the US Before He Retires

Tickets are still available for Gilberto Gil's one-night-only gig at Carnegie Hall on March ...

Brazil Reduces Amazon Deforestation for the First Time in 9 Years

Brazil’s Minister of Environment, Marina Silva, says that the drop of 30% in Amazon ...

South of Brazil’s Industry Invests US$ 2 Billion in Equipment

Industries from the southern Brazilian state of Santa Catarina intend to invest US$ 2 ...

Lula’s Over 80% Popularity Is Giving His Pick to Succeed Him Big Boost

Michelle Bachelet and Luiz Inácio Lula da Silva, two outgoing South American presidents have ...

Brazil Expecting 6 Million Tourists, 2.5 Million from Europe

Brazil’s Minister of Tourism, Walfrido dos Mares Guia, says he does not believe the ...

Brazil Discusses Judicial Reform in London

The Brazilian Minister of Justice, Márcio Thomaz Bastos, discussed Brazilian judicial reform with Lord ...