Brazil’s Trade Surplus Grows 33% Reaching US$ 44 Billion

From the beginning of the year through last week, Brazilian companies exported US$ 44 billion more than they imported. This positive result (surplus) in the trade balance was announced Monday, December 26, by Brazil’s Ministry of Development, Industry, and Foreign Trade.

The surplus represents a 33.19% increase in comparison with the same period last year, according to the Ministry.

Up to this point, Brazil has exported US$ 116.314, 22.6% more than in 2004 during the same period. Imports have amounted to US$ 72.307 billion, 16.9% more than last year.

Since there are still five business days left to complete the year, the country’s exports are expected to surpass the US$ 117 billion export target set by the Minister of Development, Luiz Fernando Furlan.

Daily exports have averaged US$ 472.8 million so far this year. In December the daily average has been US$ 499 million.

In the week before Christmas (December 19-25), Brazil exported the equivalent of US$ 2.495 billion and imported US$ 1.395 billion worth of goods and services.

This represents a trade flow slightly down from the previous week, but still sufficient to generate a trade surplus of US$ 1.1 billion, raising the surplus for the month to US$ 3.574 billion.

Agência Brasil

Tags:

You May Also Like

Court Rules Brazil’s Guarani Indians Can Stay on Reoccupied Lands

The Guarani-Nhandeva indigenous people, who have faced the threat of being evicted from their ...

Private Colleges Open 82,000 Places for the Poor in Brazil

Of Brazil’s 1,652 private higher education institutions, 1,001 have already adhered to the University ...

Brazil’s Supreme Has Last Word on War of Amazon Indians vs Landowners

On August 27th, the Brazilian Supreme Court will decide a case that could have ...

G-77 Main Theme Is Brazil’s Proposal for a Revamped UN

Developing countries should come to a common conclusion regarding the UN reform so as ...

Elin, Swedish Voice & Brazilian Soul

This versatile multilingual vocalist was born in Sweden, but you would never know it ...

Especiaria by Flávio Chamis

Flí¡vio Chamis Takes Us on a Discovery Voyage Through Brazilian Musical Lands

The mix of classical and popular occurs as a seemingly natural development in the ...

Foreign Capital Flies Back to Brazil

Brazilian and Latin American equities strongly advanced on the session, as did stocks worldwide. ...

Brazil to Give Small Businesses Up to US$ 1,900 Loans

Brazilian President Luiz Inácio Lula da Silva approved, today, a Provisional Measure (MP) creating ...

Under Pressure Brazil Replaces Word Refugee with Resident in National ID Card for Immigrants

The Brazilian government has heeded the pleas of the refugee population in Brazil and ...

Olympics in Brazil: Does Rio Have What It Takes?

Brazil wants to host the 2012 Olympic Games and has already a blueprint to ...