Sharp Increase of Imports Cuts 10% in Brazil’s Trade Balance Surplus

Brazil imports Exports from Brazil totaled US$ 3.010 billion last week, a 9.6% drop as against the sales in the previous week. However, imports were much lower, reaching US$ 1.950 billion, with even greater reduction, of 31.82%.

The values were disclosed Monday, October 15, by the Brazilian Ministry of Development, Industry and Foreign Trade.

The table published by the govenment only shows the numbers but does not explain the reasons for this atypical movement in foreign trade.

It shows, however, that the trade balance surplus (exports minus imports) last week reached US$ 1.060 billion, with a record daily average of US$ 265 million a day, as the second week of the month only had four working days.

Despite the fewer working days as against the previous week, which had five, the trade balance surplus rose 119.46%, in comparison with US$ 483 million in the first week of the month.

The trade balance surplus for the whole of the month has reached US$ 1.543 billion, and in the year reaches US$ 32.490 billion, result of total exports of US$ 122.952 billion, against imports of US$ 90.462 billion.

However, this year to date there has been a reduction of US$ 3.855 billion, or 10.61%, in comparison with the trade balance surplus for the same period last year. This is due to foreign purchases having risen 28.98%, while exports rose just 15.47%.

Tags:

Ads

You May Also Like

Brazil Approves Tobacco Control After Tobacco Growers Are Assured Protection

The ratification of the Framework Convention on the Control of Tobacco Use was approved ...

Uruguayan President Tabare Vasquez

Brazil’s Lula Tries to Steal Bush’s Thunder in Uruguay

Brazilian president Luiz Inácio Lula da Silva will be arriving Monday for a one ...

Brazil’s Oficina de Design Wants to Change How Furniture Is Made

The furniture hub of Arapongas, in the north of the Brazilian state of Paraná, ...

OAS Meeting Debates Brazil’s Use of Internet in Government

At the 36th General Assembly of the Organization of American States (OAS), in the ...

New Rules at Mercosur Give More Power to Brazil

In a move that opens the way for the creation of a Supranational Justice ...

Brazil Takes Its Best Chicken and Coffee to International Chef’s Congress

Food from Brazil such as coffee and chicken will be presented to chefs from ...

Half of Brazilian Farmers Are Having a Hard Time Repaying Their Loans

A study released today by the Brazilian Confederation of Agriculture and Livestock (CNA) affirms ...

Brazilian House Ready to Expel Man Who Denounced Kickback Scheme in Congress

This afternoon the Brazilian Chamber of Deputies is scheduled to vote on a motion ...

Brazil Surplus Reaches US$ 33 Billion on Final Lap

Brazilian exports contributed to a record-breaking trade surplus of US$ 33.081 billion, with one ...

Brazil Congress’s Special Session Will Give 310 Legislators Money for Doing Nothing

The president of Brazil’s Chamber of Deputies, Aldo Rebelo from the São Paulo PCdoB ...