Brazilian Imports Keep Brisk Pace

Most of Brazil's cargo travels by truck In the third week of June, Brazil posted a trade surplus (positive balance) of US$ 346 million. Foreign sales reached US$ 4.097 billion and imports totaled US$ 3.751. In the accumulated result for the month so far, trade surplus stands at US$ 1.5 billion, and in the accumulated result for the year, US$ 10.156 billion.

In comparison with the period from January to June last year, the figures show that imports remained strong and recorded a significant growth, at 51.4% on average per business day, as against 24.2% on average per business day for exports. Trade surplus during the same period decreased 46.5%.

Thermoplastic Resins

Brazilian imports of thermoplastic resins grew 58% between January and May this year in comparison with the same period last year, according to figures disclosed by the Brazilian Chemical Industry Association (Abiquim). Apparent consumption in Brazil – the result of the sum of production and imports, minus exports – grew 12% during the period.

"Domestic demand for thermoplastic resins remained strong in May, the highlights being the segments of infrastructure, irrigation and durable goods," stated the coordinator at the Sectoral Commission for Thermoplastic Resins at Abiquim, Luiz de Mendonça, in a press release issued by the organization. Brazilian imports of the product reached a volume of 435,800 tons.

Domestic sales stood at 1.4 million tons from January to May this year, a volume 0.6% greater than recorded in the same period last year. In May alone, sales totaled 302,400 tons, growth of 8.2% over April.

In the month of May, production of thermoplastic resins in Brazil grew 8% in comparison with April. Total output stood at 356,600 tons. According to the Abiquim, the expansion is mostly due to the resumption of operations at the Braskem petrochemical centre in the city of Triunfo, Rio Grande do Sul. The centre remained out of service during April for maintenance.

In the accumulated result for the year, until May, production decreased 6.7% compared with the same months of last year, having totaled 1.8 million tons. Taking into consideration only the month of May, imports decreased 6.6% in comparison with April, totalling 85.3 tons. Exports decreased as well, by 9.5%, to reach 50,000 tons. In the accumulated result for the year, foreign sales by the sector posted a decrease of 38.8% over the same period of 2007 and totaled 309,600 tons.

ABr/Anba

Tags:

Ads

You May Also Like

Brazil wants better trained workforce in dairy sector

Family Tradition Not Enough: Brazil Sends Its Dairy Farmers to School

The region of São Luiz dos Montes Belos, in the mid-western Brazilian state of ...

Brazil Sets Half a Billion Dollars Apart for Nukes and Atomic Submarine

Brazilian President Luiz Inácio Lula da Silva announced that Brazil will budget about half ...

Brazil’s African Small Business Effort Bearing Fruit

One year after introduction of the Empreender program in African countries, the project is ...

Brazil’s MST Brings the Country to the Cities

Three years ago, 65 Brazilian families left the city to live out a new ...

Change or I’ll Live, Chávez Tells Brazil and Mercosur

Venezuela is interested in becoming a member of a “new Mercosur,” but if there’s ...

Brazil Shows Polarization Between Lula and Cardoso Parties

Brazilian historian, Robson Arrais, believes that the results of the just-finished Brazil’s 2004 elections signal ...

US Rate Hike Might Inspire Brazil

Latin American markets ended flat to higher, as investors had largely priced in an ...

Brazil Strings and Wind Get World Respect

Brazilian musical instruments have accelerated their rhythm of export. Last year, sector foreign sales ...

Brazilian Finance Minister’s Career Ends in Farce. Mantega Is the New Man.

After months of charges and denials of misconduct, the main architect of Brazilian President ...

Brazil’s Tax Burden Is Preventing Industry from Investing More

In April, entrepreneurs in the manufacturing sector were less optimistic about overall investments in ...