Despite Doom Predictions Brazil’s Trade Balance Grows 4.2%

Exports from Brazil totaled US$ 3.114 billion in the first week of October, which represents a reduction of 8.92% when compared to foreign sales in the previous week.

Imports also fell 4.52% and totaled US$ 1.985 billion. With this, the trade balance surplus in the week totaled US$ 1.129 billion.

The accumulated trade balance in the year has already reached US$ 35.131 billion, with growth of 4.23% when compared to the surplus registered in the same period last year.

The trade balance result remains above the 2005 levels, despite the official and private forecasts that the annual result would be lower.

The food performance for the year is the result of total exports equivalent to US$ 103.827 billion against imports of foreign products for the value of US$ 68.696 billion.

There has been expressive growth in both trade flows, with Brazilian sales growing 15.95%, and purchases rising more, 23,02%.

Tags:

You May Also Like

Brazil Lula’s Family Voucher Is No Charity and Makes Economic Sense

In the results of Brazil’s National Survey of Sample Households (PNAD) there is an ...

Brazil Learns That Fair Trade Pays Off

Brazil is turning into one of the world’s leading producers and consumers of Fair ...

Brazil: Lula’s Popularity Is Down

What happened to Brazilian President Lula campaign promise to double the purchasing power of ...

Brazil: US Confederates Find a Home

The Stanleys departed for Brazil on the rainy morning of April 6, 1876. They ...

Minister Says Brazil Will Grow Way Over World Average in 2009

Henrique Meirelles, the president of Brazil's Central Bank (BC) stated this Friday, November 7, ...

One Million Brazilians Have Been Displaced by Dams

March 14 was International Day of Action Against Dams and for Rivers, Water and ...

Brazil’s Surplus Reaches US$ 18 Billion This Year, a 37% Decline

The Brazilian trade surplus (exports minus imports) reached US$ 1.257 billion in the second ...

Intimacy Show-Off

Producer Patrícia Drummond explains the phenomenon: "What makes the biggest success on the Internet ...

Little Brazil Is Dead, Long Live Astoria

Take a walk along the busy sidewalks of Little Brazil Street these days and ...

All Ready for Brazil’s Pan-Amazon Forum

Next week, people and social organizations from nine countries where the world’s largest forest, ...