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Brazil’s Trade Surplus Collapses Due to Cheap Dollar and Hot Economy

US dollar Brazil's trade surplus narrowed to a 5 and a half year low in January as a cheaper dollar and rising consumer demand pushed imports to a record high. Imports increased to US$ 12.3 billion in January from US$ 10.6 billion in December.

According to the Brazilian Trade Ministry Web Site, January's exports fell to US$ 13.3 billion from US$ 14.2 billion in December with the trade surplus the lowest since the US$ 679 million of June 2002.

The real, Brazil's currency, has appreciated 20% against the dollar in the last 12 months, the best performance among the 16 most-actively traded currencies. The cheaper dollar coupled with the fastest economic expansion since 2004 has boosted demand among Brazilian consumers for imports.

Brazil's monthly imports exceeded US$ 10 billion for the first time ever in July and have since remained above this threshold.

Market analysts anticipate that with the current imports thrust and exports under pressure because of the strong local currency, Brazil's annual trade surplus is expected to fall to US$ 30 billion from US$ 40 billion in 2007.

Contrary to government optimism analysts in São Paulo believe that Latin America's biggest economy could suffer if the US is hit by a recession and the global economy slows down as is happening.

Mercopress

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  • Show Comments (15)

  • João da Silva

    Swiss Pride
    [quote]The same way I miss also AES. So Joao, I apologize publicly here in this site for my unnecessary harsh words to you.. [/quote]

    No need to apologize. Ch.c is quite upset that the “children of the Brazilian nobility” that went to Lausanne heard all his lectures there and learn’ t NOTHING .You have to learn how to read between the lines!

    I am sure he knows whom I am referring to when I said “Nobility” 🙁

  • João da Silva

    Ch.c
    You are not all that infallible. When you talked about gold prices, I was reminded of your unnecessary scolding of AES who mentioned that the price reached $850 per ounce in the 80’s. You kept on blabbering and contesting AES. Now you are quarreling with “Swiss Pride” and calling him all sorts of names which is not acceptable to me. What does he got to do with economic policies of your pals in the Government?

    Ch.c, are you getting senile? 😉

  • swiss pride

    AND YOUR REFERENCE SOURCE IS ??? GIVE ME THE SITES!!!
    You laugh a lot for somebody coming from the “asssshole” of europe.
    Observation: Whay is that Brazil is buying all this swiss assss shiiiity companies one after thje other? 😉 😉 😉 😉 why isn’t the other way around? The swiss companies buying the brazilians? 😉 😉 😉
    Giving some time brazil is going to own your hole fucking little contry and make a nice parking lot out of it 😉 😉 😉
    So ch.c you can go and watch the cows going up the stair to the high fields!!! Wow…what a country huhh 😉 😉 😉 You really know how to have fun! 😉 😉 😉 Ps did enjoy the carnaval in Swistzerland this year? 😉 😉 😉 hohhh I forgot you were watching the cows go up!!! 😉 😉 😉
    Why don’t you explain to the site about the swiss fixation for cows asssss!!! 😉

  • ch.c.

    to the junkie who pretend to be Swiss Pride !!!!!
    More idiot than you…there is not, and you prove it !

    A) If there was a devaluation of 30 %, this is probably better than a devaluation of 4 times 99,999 %.
    Because when Brazil cut 3 zeroes this makes for a devaluation of 99,999 %.
    But not being enough….you did that 4 times…”only” in less that 100 years !
    Not enough yet….you devaluated ALSO TWICE BY 70 % or so….on top of the above !
    Once in 1994 just before you pegged your monkey currency to the US$.
    And a second time because you could hold the pegg !!!!! (From 1998 to 2002).

    Dear True Idiot you better be not so pride on your maths or knowledge for the simple reason that NOOOOOOOO currency in the world
    has been stronger than the Swiss Francs in the last 100 years !
    Simple as that……Dear Gay Pride !!!!
    The Britsh Pound that many consider strong…has only lost 80 % against the Swiss Franc in the last 40 years.
    Same for the US$ losing 80 % since 1972 !!!!

    I just remind you that you need literally trillions of 1930 Brazilian currency to make one US$ today !

    Stupid question for an idiot :
    – Who are the smartest guys these days on currencies ? Those who believed they were so smart that they bought bought bought…all the way down the US$ by allocating 65 % of their foreign currencies reserves in a free fall currency, OR the guys who bought gold that doubled in value…with 30 % of their foreign currencies…and having only 20 % in US$ currency for cash management ???????
    Just think of it : YOU ARE LOSING BILLIONS AND BILLIONS AND WE ARE MAKING BILLIONS AND BILLIONS !!!!!

    iT SEEMS TO ME THAT YOU ARE TELLING THE WORLD THAT BRAZIL WAS SMARTER BY BUYING MOSTLY A GOODS (us$) THAT LOST VALUE TIME AND AGAIN….AND THAT SWISS WERE WRONG TO HAVE BOUGHT A GOODS (gold) THAT DOUBLED IN VALUE…..IN THE LAST 5 YEARS !!!!!!!

    You are just proving time and again how idiot you truly have been, are and will remain for eternity….!!!!!!

    Therefore with people like yopu no wonder why you are a backward, medieval and archaÀƒ¯c country…….in 2008 !

    😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉 😀 😉

  • swiss pride

    Joao I said what I said
    (correction)
    Because you use to be a vary pragmatic man. A man with his own mind and convictions always with constructive positions that I use to admire. Recently you have taken a back seat to the whole thing, letting all the garbage from Ch.c pass by with out questioning the stupid assshole, letting him slide by without EVER indicating a single point of reference or published paper or even a www. .. site reference from anywhere in the planetÀ¢€¦ and yet, you seam to taking the easy way out taking his position as the ultimate and unquestionable truth without a challenge ??? I want the old JOAO back we need him!!! We need his À¢€œchecks and BalancesÀ¢€Â here in this site.
    The same way I miss also AES. So Joao, I apologize publicly here in this site for my unnecessary harsh words to you..
    Sincerely,

  • swiss pride

    Joao I said what I said
    Because you use to be a vary pragmatic and a man of his won mind with constructive positions and convictions I use to admire. Recently you have taken quietly back seat letting all the garbage from Ch.c pass by with out questioning the stupid assshole, letting him slide by without EVER indicating a single point of reference or published paper or even a www. .. site reference from anywhere in the planet. Yet you seam to take his position as the ultimate and unquestionable truth without a challenge ??? I want the old JOAO back we need him!!! We need his À¢€œchecks and BalancesÀ¢€Â here in this site.
    The same way I miss also AES. So Joao, I apologize publicly here in this site for my unnecessary harsh words to you..
    Sincerely,
    Swiss Pride

  • João da Silva

    Swiss Pride
    [quote]Hey joao are you and Chc f**king eachother? Honestly you can tell me…I won’t tell anybody! [/quote]

    No need to ask for the help of Ch.c to get fucked,buddy. Our government is doing a splendid job about it and every time it does it I get multiple orgasms. You may spread this news to everyone and I will certainly not mind 😉

  • swiss pride

    Only a retarded monkey (ch.c)
    What you are saying make no sense. Brazilian currency of the 1940’s Reis has no connection with today’s REAL. Only a fucking retarded monkey like you would thing of relating the currencies. So then the Porto Rican dollar is down from the US dollar by 5000% percent because of its history?? Ok you are a Swiss right?

    Here is the history of your own currency

    Devaluated several times through out its history by as much as 30% in one instance along. You didnˢ۪t even have a central bank. You currency was been made in 75 places by 25 cantons with a confusing 860 different coins.
    In 1798 you finally decided to tie your worthless currency to the French Franc backed by a 6 À‚¾ grams of silver or 1 À‚½ francs.

    Here is an interesting fact of your country and currency:

    In 1850, 22 cantons and half-cantons issued coins however, less than 15% of the money in circulation in 1850 in Switzerland was locally produced, with the rest being foreign, mainly brought back by mercenaries.
    In addition, some private banks also started issuing the first banknotes, so that in total, at least 8000 different coins and notes were in circulation at that time, making the monetary system extremely complicated.À¢€Â

    Then in 1865 your currency was devaluated again to 4.5 grams of silver from 6 À‚¾ grams.
    Then in 27 of September of 1936 your currency was devaluated by 30% again. 😉

    And finally,
    À¢€œBetween mid-2003 and mid-2006, its exchange rate with the euro had been stable at a value of about 1.55 CHF per euro, so that the Swiss Franc has risen and fallen in tandem with the euro against the U.S. dollar and other currencies. Since mid-2006, the Swiss franc has been depreciating against euro.À¢€Â;-) 😉
    So retarded Chc. When you calculate the overall devaluation of the Swiss franc in comparison to the US dollar from 1798 to the yesterday. Your À¢€œbacked by mercenaryÀ¢€Â currency is 0.0007 % of the original value!!! 😀 😉 😉

    Hey joao are you and Chc fucking eachother? Honestly you can tell me…I won’t tell anybody!

    8)

  • João da Silva

    Ch.c
    [quote]May I just remind you that your own currency is STILL down around 40 %…against the US$ in the last 10 years [/quote]

    No. You are forbidden to remind us of anything 😉

    Since you insist, would you mind commenting further on this issue?

  • ch.c.

    Ohhhh la la….site problem !!!!
    from 1998

  • ch.c.

    Ooops…typing error !
    Still down 40 % against the US$…in the last 10 years (from 1998)

  • ch.c.

    Cheap US$ or cheap Brazilian Real ????
    May I just remind you that your own currency is STILL down around 40 %…against the US$ in the last 10 years (from 1998) !!!!
    May I just remind you that your own currency is DOWN 99 % against the US$….in the last 20 years !!!!
    May I just remind you that YOUR currency is down 99.99999 % against the US$….in the last 70 years !!!!!

    What is then the weakest and cheapest currency ?
    The US$ or the Brazilian Real ?

    Hmmmmm…..just think again….if you can !!!!

    😀 😉 😀 😉 😀 😉 😀 😉

  • João da Silva

    [quote]Brazil will be passing the costs of doing business with the US right back to the US, and the hard working American middle and low income classes will be paying dearly for it.[/quote]

    Sorry Baba, I disgree. Brazil is already passing the costs of doing business with ANY COUNTRY right back to Brazil and the hard working middle and low income classes are ALREADY paying dearly for it.Any Brazilian housewife will tell you about the steep increase in prices of beef, poultry and dairy products over the past 12 months.

  • baba

    Stop being “euphorica” Jay
    This is nothing! This IS the time to buy American goods because of the dollar being worth its weight in shiiiit, don’t you get it? What is going to happen is that the US will be importing lots of ethanol by this coming summer. That is part of the economic stimulus joke by the king George II that by the way just sent a 2 Trillion dollars package for congressional approval, today. This money doesnÀ¢€™t include any Iraqi war expenditures for the coming year. Just imagine Jay, in order for the US to sustain its economic policies it will have to sell its goods internally (nationally) at very high prices to its won people (take your pick inflation or recession) while at the same time selling the goods (technology) away at very low prices. And that is what King George was doing two weeks ago in Saudi Arabia playing for the cameras with a surd in his hand. So Jay what did we say here? Brazil will be passing the costs of doing business with the US right back to the US, and the hard working American middle and low income classes will be paying dearly for it. That is what globalization does. The days of printing money freely without world accountability ARE OVER!

  • JAY GLENN

    AMERICA SNEEZES THE WORLD GETS A COLD?
    AMERICA SNEEZES THE WORLD GETS A COLD?
    What happened to the Great Brazil $R The One out doing the US DOLLAR.
    THE AMERICAN LOAN CRISIS WILL NOT AFFECT BRAZIL?
    BRAZIL DOSE NOT HAVE A COULD ITS GETTING PHEUMONIA.

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