Brazil Imports Reach US$ 98 Billion, More than the Whole of 2006

Brazzil Magazine covers

Cargo in Brazilian port of Paranaguá Imports by Brazil amounted to US$ 98 billion from January to October, a growth of 29.2% in comparison with the same period last year. The value is record for the period and has already exceeded the total for 2006, when foreign purchases reached US$ 91.35 billion.

Brazilian exports, in turn, generated US$ 132.36 billion, an increase of 16% in comparison with the first ten months of 2006. The figures were supplied by the Ministry of Development, Industry and Foreign Trade.

In the accumulated result for the year, Brazil's global trade – exports plus imports – grew 21.2% in comparison with the same period last year, US$ 230.36 billion against US$ 189.11 billion.

In October, the Brazilian trade balance registered a surplus of US$ 3.43 billion for Brazil. Exports totaled US$ 15.76 billion, an increase of 18.6% as against the same month last year. Imports totaled US$ 12.33 billion, growth of 34.7% over October 2006. Both exports and imports broke monthly records.

In the month, three categories of products registered record values of exports: manufactured products, with US$ 7.7 billion, basic products, US$ 5.6 billion and semi-manufactured products US$ 2.1 billion.

In comparison with October 2006, the growth was 6.8% for manufactured products, 44.3% for basic products and 9% for semi-manufactured products.

The five main buyers of Brazil products in October were the United States, with imports of US$ 2.36 billion, Argentina, US$ 1.47 billion, China, US$ 1 billion, the Netherlands, US$ 900 million and Germany, US$ 651 million.

The Arab countries that presented expressive growth in purchase of Brazilian products between October 2007 and September 2007 were Sudan, with growth of 445%, Tunisia, 114.2%, Bahrain, 71.6% and Libya, 56.5%.

In the month, imports of all categories of products grew in comparison with October last year, consumer goods rose 41%, fuels and lubricants, 38.6%, raw and intermediary materials, 32.6%, and capital goods, 32.3%. The main Brazilian suppliers were the United States, China, Argentina and Nigeria.

Exports

The Brazilian trade surplus during the first week of November, with only one business day (1st), stood at US$ 269 million. According to data disclosed this Monday, November 5, by the Brazilian Ministry of Development, Industry and Foreign Trade, exports totaled US$ 914 million and imports, US$ 645 million.

In the accumulated result for the year, totaling 211 business days, the trade surplus has reached US$ 34.645 billion, at a daily average of US$ 164.2 million. Exports totaled US$ 133.2 billion, and imports stood at US$ 98.6 billion.

Financial market analysts consulted by the Brazilian Central Bank estimate that the balance of trade should run a surplus of US$ 40.95 billion this year.

Anba

Tags:

You May Also Like

Jeitinho, Brazil’s Creative Way to Break the Law and Feel Virtuous About It

American historian Robert M. Levine, director of Latin American Studies at the University of ...

Brazzil Magazine covers

Give Lula a Chance

If Lula is not elected, then chances of profound reform will be postponed yet ...

Brazzil Magazine covers

RAPIDINHAS

By Brazzil Magazine Mato Grosso and Mato Grosso do Sul are separate states, although ...

Brazzil Magazine covers

The Many Faces of São Paulo, Brazil: Tips for Newcomers

I was looking at an American guide book to Brazil recently and felt great ...

Brazzil Magazine covers

Brazilian Black Entrepreneurs to Get a Boost from Government

Brazil’s Special Secretariat of Policies for the Promotion of Racial Equality (Seppir) and the ...

Brazzil Magazine covers

Brazil Buries Carlos, 11. Another Victim of a Killer Police

At noon, beside a putrid canal in Rio’s Vila do João shantytown, half a ...