• Categories
  • Archives

Brazil Posts Again a Trade Deficit

Brazil export Brazilian exports totaled US$ 3,228 billion and imports, US$ 3,387 billion, resulting in a trade deficit of US$ 159 million in the first week of March. The data were supplied, today, March 10, by Brazil's Ministry of Development, Industry and Foreign Trade, which discloses the weekly trade balance results every Monday.

A negative result of US$ 81 million was recorded in the fourth week of February as well. This was the first trade deficit recorded ever since the third week of May 2002 (US$ 35 million).

In the accumulated result for the year, totaling 46 business days, the balance of trade maintained a surplus of US$ 1.667 billion (daily average of US$ 36.2 million), lower than recorded in the same period of 2007 (US$ 5.634 billion).

Exports totaled US$ 29.305 billion, at a daily average of US$ 637.1 million, and imports stood at US$ 27.638 billion, resulting in a daily average of US$ 677.4 million.

In 2007, up until the first week of March, imports did not follow the same pace and reached US$ 16.701 billion, whereas foreign sales stood at US$ 22.335 billion.

As imports are growing at a stronger rate than exports, market analysts have reduced their projection for the balance of trade from US$ 30 billion down to US$ 29 billion, according to the Focus bulletin, published this Monday, March 10, by the Brazilian Central Bank.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published.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

Type “O” Virus Discoverd in Brazil’s Foot and Mouth Outbreak

Brazil’s Ministry of Agriculture, Livestock, and Supply confirmed the incidence of hoof and mouth ...

Brazil’s Model of Forest Monitoring to Be Used Throughout South America

The eight member states of the Amazon Cooperation Treaty Organization (OTCA) – Brazil, Bolivia, ...

Brazilian Indians Get US$ 2.8 Million for Health Care

Health care will be reinforced for Indians who live in eleven Brazilian states. The ...

Best-seller Books, Plays and Movies

Brazil is a strong test of the barriers to Third World military-industrial growth. Unable ...

What Brazil Needs Is a Few Percents More in GDP Growth

Many countries in Latin America have recently turned toward leftist populism. But most observers ...

A group from Brazil's Mial Movement For Exchange of Adolescents from Lavras

A Brazilian Girl in Germany’s Junior 8 Summit

Fernanda Winter, 17 years old, will be the first Brazilian to participate in the ...

Brazilian soy chocolate Genevy

Soy Chocolate Eggs Are a Hit in Brazil This Easter

Brazil's Chocolates Genevy, a small company from São Paulo city, the largest business center ...

Small Arms: Latin America’s Other Arms Race

According to the World Health Organization, gun-related fatalities are the leading cause of death ...

Brazil’s Lula Calls Blair: ‘How About a Summit to Rescue the WTO Deal?’

Brazil President Luiz Inácio Lula da Silva called British Prime Minister, Tony Blair, today, ...

The Art of Money

The next act is the presentation of the new, amended bill. It is still ...