For the First Time in 2007 Brazil Exports Outperform Imports

Brazzil Magazine covers

Brazilian exports Brazilian exports last week totaled US$ 3.038 billion, a 4% increase compared with sales during the previous week. In the same period, from April 16th to 20th, imports reached US$ 1.8 billion, a 10.76% decrease over purchases from April 9th to 13th, as shown by the bulletin of the Ministry of Development, Industry and Foreign Trade.

This was the first time this year that exports performed better than imports, enabling a trade balance of US$ 1.238 billion for the week, an increase of 36.95% over the balance for the previous week, and a record high average of US$ 247.6 million per day.

Consequently, the surplus for the month stands at US$ 3.001 billion, and since there are still five business days left before the end of April, the trade balance for the month should easily surpass the US$ 3.071 billion recorded during the same month last year.

The accumulated surplus for the year rose to US$ 11.699 billion, a 1.20% increase over the surplus for last year. This is the first time that this happened in 2007, because until now comparisons have always shown stronger figures in 2006.

The surplus for the year is the result of total exports of US$ 42.406 billion (+ 16,29%), against imports of US$ 30.707 billion (+ 23,30%) compared with the same period in 2006.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Avant-garde Enigma

Despite the moralistic streak at Globo, the network is not abandoning its lewd characters. ...

Brazzil Magazine covers

Brazilians Are Put Under the Microscope and Most of Findings Are Good

People don’t live in countries or states – they live in cities. Ultimately, it’s ...

Brazzil Magazine covers

A Strategic Warning: Brazil

We should take presidential candidate Lula at his word. This would mean the use ...

Brazzil Magazine covers

Brazilians and Arabs Discuss Cooperation on Social Development

This week, one more chapter of the Summit of South American-Arab Countries (Aspa) should ...

Brazzil Magazine covers

Brazil and Saudis to Triple Their Trade to US$ 10 Billion

Brazilian trade with Saudi Arabia may reach US$ 10 billion in four years. The ...

Brazzil Magazine covers

US Inflation Once Again Brings Down Brazilian Stocks

Brazilian stocks retreated, extending recent losses, on continued worries about rising U.S. inflation and ...