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

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

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