Minas Maintains Second Place Among Brazil’s Biggest Exporters

The southeastern Brazilian state of Minas Gerais exported in excess of US$ 1 billion for the 23rd month in a row. Sales totaled US$ 1.468 billion in January, guaranteeing the state the second position among the Brazilian states that exported most.

This information was disclosed on the site of the government of the state of Minas Gerais.

The state of Minas Gerais answered, in January, to 13.4%, of the total exported by the country. Foreign sales of the state of Minas grew 35.4%, while the national average was 18.3%. In the accumulated result for 12 months, between February 2006 and January 2007, exports from Minas totaled US$ 16.022 billion.

Meanwhile, Brazil exported US$ 1.322 billion worth of commodities in the first two business days of February 2007. Imports, on the other hand, amounted to US$ 773 million, resulting in a trade balance surplus of US$ 549 million.

The data were disclosed Monday, February 5, by the Brazilian Ministry of Development, Industry and Foreign Trade.

The daily average of exports was US$ 661 million in those two days, 36% more than the average for February last year. The average of imports was US$ 386.5 million, 16.9% more than in February 2006.

There was a significant increase in exports of semi-manufactured goods, such as iron and steel, raw sugar, leather and skins; basic items such as grain corn, tobacco leaves and bovine meat; and manufactured goods, such as frozen orange juice, ethanol and cargo vehicles.

Regarding imports, there was an increase in trade of pharmaceuticals, cereals and milling products, fertilizers, and fuels and lubricants, still according to information provided by the Ministry.

In 2006, exports amounted to US$ 12.285 billion, and imports, to US$ 9.243 billion, resulting in a US$ 3.042 billion trade balance surplus.

Tags:

You May Also Like

To Curb Speculation Brazil Reverses Course and Taxes Foreigners Who Buy Stocks

Foreigners investing in Brazil will pay a 2% tax on Brazilian real denominated, fixed-income ...

PT Blames Brazilian Scandal on Lies from the Right

In a document entitled, “In Defense of the PT, Ethics and Democracy,” the board ...

Pride and Prejudice

From the late 1950s on, bossa nova’s success didn’t spread out by chance or ...

Bullish News in Brazil Despite Market Closure

Latin American shares advanced, despite a market closure in Brazil. Mexican equities rallied alongside ...

Brazil Wants US Out of Discussions on Venezuelan-Colombian Dispute

Nestor Kirchner, Argentina’s former president and UNASUR’s (Union of South American Nations) will hold ...

Shoppings Malls in Brazil Already Employ Close to 1 Million People

The Brazilian Association of Shopping Centers (Abrasce) announced that it is going to take ...

Brazilian interest rates

Brazil’s Record Low Key Interest Rates Are Still the Planet’s Highest

Brazil has lowered its key interest rate, the Selic, to 12% a year, the ...

One Year Later, No Word on Brazilian Kidnapped in Iraq

It has now been a year since Brazilian engineer João José Vasconcellos Júnior was ...

Brazil Teaches Civil Defense to 9 Caribbean Nations

Beginning on May 8, Brazil will hold courses in BrasÀ­lia, Florianópolis, Recife, and Rio ...

Fooling the British, the Brazilian Way

While the British wanted slavery abolished in Brazil, Brazilians with an economy dominated by ...