So Far This Year Brazil Has Exported US$ 122 Bi and Imported US$ 105 Bi

Brazil export import Brazil's trade balance of trade (exports minus imports) recorded a surplus of US$ 1.66 billion in the third week of August. Foreign sales totaled US$ 5.304 billion, and purchases, US$ 3.638 billion. The surplus for the month so far stands at US$ 2.119 billion, with purchases of US$ 11.193 billion and sales of US$ 9.074 billion.

In comparison with August last year, exports grew 55% on average per business day, and imports increased 64.2%. The surplus, considering the average per business day, rose 25.1%.

In the accumulated result for the year so far, the Brazilian balance of trade is running a surplus of US$ 16.772 billion, with exports of US$ 122.291 billion and imports of US$ 105.519 billion.

Brazilian exports set a monthly record in July. Foreign shipments totaled US$ 20.453 billion, growth of 38.6% in average daily exports compared with the same month last year, according to figures disclosed by the Brazilian Ministry of Development, Industry and Foreign Trade.

Imports reached a record high in July as well. They totaled US$ 17.149 billion, growth of 52.2% in average daily imports over the same month in 2007. There was a US$ 3.304 billion surplus on the Brazilian side, a figure 5.5% lower than in July last year, considering the daily average.

Flow of trade, i.e., the sum of exports and imports, stood at US$ 37.602 billion in the month.

Rio Exports

Exports from the state of Rio de Janeiro grew 31.5% in the first half of this year over the same period in 2007 and reached US$ 7.7 billion. The figures were disclosed by the Federation of Industries of the State of Rio de Janeiro (Firjan). The value is record.

Imports into Rio grew even more, reaching US$ 6.371 billion, expansion of 53.3%. The trade balance surplus in the period was US$ 1.397 billion. According to the Firjan, the expansion of exports from the state is above the national average, at 26%.

In the month of June alone, Rio answered to 10.9% of all the country's exports. In June, exports reached US$ 2.029 billion and imports, the record value of US$ 1.413 billion, generating a surplus of US$ 615.1 million. The result was 261.8% greater than in June 2007.

Among the products exported in June, basic ones were responsible for 64.8% of the total, and manufactured products for 28.1%. Oil registered the greatest growth in sales, 226.8% more than in June last year. Foreign sales of the product reached US$ 1.597 billion this month.

Imports in June practically doubled over the same month last year, having grown 98.2%. Fuel imports alone grew 213.6%, and they were responsible for 39.1% of the import basket.

The main destination for exports, both in June and in the year to date was the United States, which bought US$ 760 million in the month and US$ 2.036 billion throughout the year, thanks mainly to oil and natural gas. In the case of imports, apart from the United States, comes Saudi Arabia, each with 19% of purchases from Rio – around US$ 1.2 billion – this year.

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

Brazil and Mercosur Offer to End All Tariffs for Poorest

Brazil and its Mercosur partners are ready to offer unrestricted market access, free of ...

Better Control Brings 14% More Tax Money to Brazil Treasury

From January until May this year, the Brazilian federal government collected, in taxes and ...

Brazil Spends Close to US$ 400,000 to Sacrifice 6,000 Sick Cattle

The government of Paraná, a state in southern Brazil, authorized the disbursement of US$ ...

Monsanto Applauds Brazil’s New Biosafety Law

Brazil’s President Luiz Inácio Lula da Silva signed, today, a biosafety bill into law ...

Chile Accuses Brazil of Slamming Doors on Tourism for Its Swine Flu Policy

Brazilian government advice against traveling to A/H1N1 virus flu-stricken Argentina and Chile by people ...

Brazil: Turn Down That Noise!

Campaigning in São Paulo continues on the streets a few days before the first ...

Campaign for a Wider UN that Would Favor Brazil Threatens to Split UN

The president of the U.N. General Assembly has circulated the first draft of a ...

With 2 Fairs, in Germany and the US, Brazil Organics Are Starting 2010 Well

The main markets for Brazilian organic products abroad are Germany, France, the Netherlands, the ...