• Categories
  • Archives

Brazil’s Trade Balance Surplus Reaches US$ 35 Billion, a 11% Fall

Brazilian chicken According to data supplied by the Brazilian Ministry of Development, Industry and Foreign Trade, in the second week of the month, with five business days, Brazil's surplus stood at US$ 467 million, as a result of imports at US$ 2.860 billion and exports at US$ 3.327 billion.

Brazil's trade balance has already reached a surplus of US$ 736 million in the month of November, with imports at US$ 3.505 billion and exports at US$ 4.241 billion.

In the accumulated result for the year, until November 11th, the trade balance surplus stood at US$ 35.112 billion, a reduction of 11% compared with the same period of last year (US$ 39.430 billion).

During the period, imports (US$ 101.497 billion) grew more than exports (US$ 136.609 billion), or 28.9% and 15.6%, respectively, in comparison with 2006.

Financial market analysts heard by the Brazilian Central Bank estimate that the total trade balance surplus this year should be US$ 40.79 billion.

Poultry Exports

Brazilian exports of chicken meat totaled US$ 508 million in October, representing an increase of 59% over the same month of last year. In total, 313,000 tons were shipped, a 21% rise using the same basis for comparison. The data were disclosed Monday, November 12, by the Brazilian Poultry Exporters Association (Abef).

From January to October, foreign sales of the product totaled US$ 3.95 billion, a 52.7% rise over the first ten months of last year. Total shipments stood at 2.7 million tons, 22% more than recorded in the same period of 2006.

According to the Abef, the performance indicates that chicken meat exports may end this year with 3.1 million tons shipped and revenues of US$ 4.5 billion, which is going to be a record high to the sector.

The Middle East was the leading destination for shipments of the Brazilian product. Until October, 806,000 tons were shipped, a 37% rise over the first ten months of last year.

Sales totaled US$ 1 billion, 65% more than in the same period of 2006. Exports to the European Union also totaled US$ 1 billion, an increase of 83%. Shipments amounted to 457,000 tons, representing a 43% growth.

Next in the list are the Asian countries, at 670,000 tons shipped, the African countries, at 203,000 tons, Russia, at 158,000 tons, and South America, at 144,000 tons.

Tags:

  • Show Comments (1)

  • aes

    fewer widgets were exported at higher prices.

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

Brazil’s Senate President Vows to Help Venezuela’s Political Prisoner

Former Brazilian president and current President of the Brazilian Senate, José Sarney, met this ...

A Picture Perfect Flight for Brazilian Space Rocket

After four delays in the past few days due to bad weather and high ...

Brazil Widens Its Market in Iran, Egypt and Algeria

Brazil, more than conquering new markets, wants to diversify its exports to countries that ...

Brazil Uses Stem Cells to Treat Chagas’ Patients

In Brazil, stem cells are being used to treat Chagas’ disease in its chronic ...

Brazil to Decriminalize and Distribute Drugs

Brazil’s federal government is discussing a decree to regulate the policy of reducing the ...

Brazilian Police 13 Times More Likely to Be Killed than a Common Citizen

The president of the Rio de Janeiro Association of Military Police, Mequisedec Nascimento, plans ...

Brazil’s Rousseff Discusses Brasiguayos and Smuggling with Paraguay President

Dilma Rousseff and Fernando Lugo, the presidents of Brazil and Paraguay, met to discuss ...

Bush to Brazil’s Lula: You’re Looking Good, You’re Looking Good

The following is a transcript of remarks by President Bush and President Lula of ...

Brazil Is Celebrating: Pirate PCs Fell from 73% to 48% of All Computers Sold

A new study conducted by Brazil’s IT Data and released by  Abinee (Brazilian Association ...

US Lawyers Sue TAM and Airbus in Case of Brazil’s Worst Air Disaster

Families of the passengers killed in Brazil, last year, in the country's worst air ...