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:

You May Also Like

Killing in the London Tube: Brazilians Want Justice Not Apology

The media and political establishment have closed ranks following the death of a Brazilian ...

Brazil Opens Office in Africa to Share Agricultural Expertise

African nations are set to benefit from Brazilian expertise in tropical agriculture thanks to ...

18,000 Slave Workers Rescued in Brazil, But No One Went to Jail

Brother Xavier Plassat, coordinator of Brazil’s Land Pastoral Commission’s Campaign to Combat Slave Labor, ...

The Best Brazil’s Poetry in Portuguese and English

A new bilingual anthology of Brazilian poetry will allow English speakers to experience an ...

Syrian President Compares Obama to Lula and Says Brazilian Leader Gets Results

Wrapping up his  Latin American tour of four countries, Brazil, Cuba, Venezuela and Argentina, ...

Brazilian Bishops Urge Lula to Reconsider River Transposition

The vice president of Brazil, José Alencar, and the National Conference of Bishops of ...

Rural Worker Gets a Day at the Doctor in Brazil

Pesticide poisoning, pain, and excessive exposure to the sun, which can cause skin cancer, ...

Brazil Ready to Cut Airfares Up to 80%

Brazil's National Civil Aviation Agency, which controls commercial flights policy in the country, announced ...

Central Bank Forecasts Brazil’s GDP Will Grow 5.8% in 2010

Brazil's Gross Domestic Product (GDP) will grow 5.8% in the coming year. The projection ...

Brazil’s Space Program Goes On Out of Step with Times and World

Located in the state of Maranhão, Brazil, the Alcântara Launch Center  made two launch ...