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:

Ads

You May Also Like

New Zealand Leader Wants Brazil’s Petrobras Out After Deadly Explosion

Manu Caddie, a Gisborne District Councilor in New Zealand, has renewed his call for ...

Minister Throws Water on Fiery Argentina-Brazil Quarrel

The Minister of Foreign Relations, Celso Amorim, said, yesterday, after a meeting of G-20 ...

This Holiday Season, Get a Flu Shot and Give the Gift of Health to Your Family

Advertorial When you get a flu shot this holiday season, you’re not only decreasing ...

It Seems Cardoso Is Still President in Brazil

Brazil Lula’s government will have to take care, less through not having fulfilled its ...

Brazil’s Primary Surplus Grows to 6.22% of GDP

The primary surplus, the economy that the Brazilian government makes to pay the interest ...

Eight Americans Arrested in Brazil for Making Porno Movies

Police from the Santa Cruz Precinct, in the western zone of Rio de Janeiro, ...

Brazil’s Businesses (526 of Them) Discover the Arab World

While Brazil’s President Luiz Inácio Lula da Silva visited the pyramids of Giza at ...

Foreigners Don’t Pay Capital Gain Taxes on Brazil’s Bonds Anymore

Latin American stocks advanced, with Brazilian shares getting a boost from some encouraging earnings ...

A locomotive from the Vale do Rio Doce company

Brazil’s Mining Giant CVRD to Use Biofuel in Its Trains

The president of Petrobras Distribuidora (BR), Graça Foster, and the logistics executive director at ...

Once Again Brazilian Justice Orders Halt to Amazon’s Belo Monte Dam

A Brazilian judge has ordered a halt to construction of a multi-billion-dollar dam project ...