• Categories
  • Archives

Brazil’s Foreign Trade Hits Record High

Brazil’s secretary of Foreign Commerce at the Ministry of Development, Ivan Ramalho, reports that August exports of US$ 9.056 billion and imports of US$ 5.623 billion were both records for the month.

It was also the third consecutive month that Brazilian exports topped US$ 9 billion. As for imports, the August total was the biggest of the year.

For the twelve-month period ending in August, Brazil has exported US$ 88.928 billion and imported US$ 57.309 billion, for total trade of US$ 146.237 billion, a;so a record for a twelve-month period.

Brazil’s main exports were what they have been for some time: automobiles, aircraft, vehicle motors, soybeans, iron ore, petroleum and cast iron.


However, there were signs of diversification as machinery for the food industry and woodwork, among others, were also strong.

Export destinations showed some changes. Exports to the Middle East were up over 95% (compared to August 2003) and almost 60% to Mercosur, for example, with significant increases to Tanzania, Cameroon and North Korea, as well.


As for traditional trade partners, exports were also up. A total of US$ 1.8 billion was exported to the US (up 24%), Argentina US$ 687 million (up 65%) and China US$ 518 million (up 24%).

Imports were up in all categories, compared to August 2003, especially capital goods, rising 42%.

“The numbers show greater domestic demand for both consumer goods and productive machinery,” says Ramalho, explaining that they indicate investments in the productive sector which will drive economic recovery.

Agência Brasil
Reporter: Daniel Lima
Translator: Allen Bennett

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Your email address will not be published.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

Brazil’s Big Contractors Looking for a Bigger Slice of Belo Monte’s Action

A sweetheart deal? Maybe. After all, the Brazilian Development Bank (BNDES) will ante up ...

The Result in Sí£o Paulo : a Second Election

Contrary to the opinion polls, the PSDB’s José Serra swept into the second round ...

In Brazilian Democracy Law Forbids Making Fun of Electoral Candidates

In Brazil, a never-revoked election law from the era of the Brazilian military dictatorship ...

Catch Brazil’s WSF Forum on Satellite

Starting today, the 2005 World Social Forum will transmit (clean) international audio and video ...

A Brazilian School Where the US and the World Can Learn the Beautiful Game

The Brazilian Football School (EBF), center for physical education of the state of Rio ...

Brazil Saves the Day for Latin America

Brazilian and Latin American markets were mixed to higher on the Friday (May 6) ...

Brazil Approved to UN Security Council Seat by a Landslide

Brazil, Nigeria, Lebanon, Gabon and Bosnia were elected Thursday to non-permanent seats on the ...

Brazil’s Opposition Candidate Tops Lula in the Polls

Latin American stocks were mixed, with Brazilian shares garnering some support from continued expectations ...

“Moro no Brasil”: Brazil’s Joy and Pain Through Her Music

"Moro no Brasil," (aka "The Sound of Brazil") Finnish director Mika Kaurismaki’s 2500 mile ...

Letters

“America, the Ugly” redux I disagree with Mr. Raymond Mataloni’s letter in your March ...