• Categories
  • Archives

Brazil Trade Balance Surplus Drops 6%

Embraer jet, Brazilian export product The Brazilian balance of trade has recorded a US$ 370 million surplus in the first three business days of August. The surplus is the result of exports worth US$ 1.955 billion, and imports of US$ 1.585 billion.

According to a report disclosed last Monday, August 6. by the Brazilian Ministry of Development, Industry and Foreign Trade, the country made average daily purchases of US$ 528.3 million, the highest value so far this year.

Exports also performed well, at a daily average of US$ 651.7 million, the second best result of the year, second only to the month of June, when foreign sales reached US$ 655.9 million per day.

In a comparison between the first three days of August this year and last year, imports grew much more than exports. Whereas foreign purchases increased by 33.3%, foreign sales grew by 9.6%. According to the report of the Ministry of Development, there has been an increase especially in imports of copper and its alloys, at 71.5%, fuels and lubricants, at 63.4%, and autos and auto parts, at 47.8%.

With regard to exports, according to the release, "the variation was chiefly due to the rise in shipments of semi-manufactured goods (49.1%), with highlights for copper cathodes, cast iron, crude aluminum, and cellulose."

Exports of manufactured goods grew by 13.9%, especially in shipments of orange juice, aluminum oxides and dioxides, aircraft, pneumatics, electric engines and generators, and passenger automobiles. Sales of basic goods decreased by 12% during the period.

This year, the country has exported US$ 89.289 billion and imported US$ 64.934 billion. The trade balance surplus, until the first week of August, stands at US$ 24.355 billion, a value 5.8% lower than recorded in the same period of 2006.

ABr

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Your email address will not be published.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

Sky’s Not Falling over Mercosur, Says Brazilian Minister

Following his encounter with the Uruguayan Foreign Minister, Reinaldo Gargano, the Brazilian Minister of ...

Brazil? Oh my! How Do I Miss You!

Saudades (an intense homesick feeling), the Portuguese word which I finally understood as I ...

Brazil Wants to Anticipate in Five Years Mercosur’s No-Tariff Policy

Brazil will recommend bringing a zero tariff policy forward for imports between Mercosur and ...

NGO’s File Suit to Force Brazil to Break AIDS Drug Patent

Brazil’s Ministry of Health estimates that 600,000 Brazilians are carriers of the HIV virus. ...

How Cold Heart and Zeal for Rules at Pharmacy Killed Young Brazilian Mother

Salvador, beautiful city, what happened to you? Salvador, Bahia, Brazil, December 14, 2007. Viviane ...

Petrobras and Braskem Team Up in Brazil in US$ 240 Million Project

Braskem and Petrobras Quimica, two giant Brazilian companies, announced, yesterday, their decision to invest ...

Short story – fall guy

malu is something else, fine people are another story. as the old of issás ...

WWF Expedition Discovers New Fish, Frog and Tree Species in the Amazon

The Juruena-ApuÀ­ Expedition, organized by the Washington-based  World Wildlife Fund (WWF), reports that it ...