Better than 2008: Brazil Accumulates US$ 23 Billion Trade Surplus in 2009

Brazilian train Exports from Brazil last week generated US$ 3.212 billion, and imports, US$ 3.216 billion, which resulted in a trade deficit of US$ 4 million, according to figures disclosed December 14 by the Brazilian Ministry of Development, Industry and Foreign Trade.

In the accumulated result for December, exports totaled US$ 5.83 billion, and imports, US$ 5.558 billion, resulting in a surplus of 372 million.

This year, Brazilian shipments generated US$ 144.362 billion, as against imports of US$ 120.788 billion, resulting in a surplus of US$ 23.574 billion, 1.8% more than in the same period in 2008.

Meanwhile Brazilian exports of leather, in November, grew 11% over the previous month. Sales totaled US$ 115.26 million. The figures were disclosed by the Confederation of Brazilian Hides and Skins Industries (CICB).

From January to November, exports of the product generated US$ 1 billion, which represented a reduction of 42% over the same period in 2008. According to the president at the CICB, Wolfgang Goerlich, the value exported should end the year 40%, or US$ 700 million, lower than revenues in 2008, which totaled US$ 1.88 billion.

"Our target for 2010 is to recover at least 50% of this difference, or around US$ 350 million, and at the same time redouble efforts to expand sales on the domestic market," said the executive in a CICB press statement.

The main destinations for Brazilian leather in November were China and Hong Kong, both with imports of US$ 373.78 million, Italy, with US$ 232.5 million; the United States, with US$ 89.35 million, and Vietnam, with US$ 38.23 million.

In the accumulated result for the year, among the countries that expanded their imports of Brazilian leather is Lebanon, with growth of 332% and purchases of US$ 167,440.

Tags:

You May Also Like

Brazil Wants More Daring from Mercosur Partners

Brazilian President Luiz Inácio Lula da Silva concluded his participation at the 28th Mercosur ...

Bank of America Forecasting 1.3% Growth for Brazil This Year

The economies of Latin America are forecasted to expand 0.7% this year, well below ...

Brazil Milk Banks Set Example for the World

{mosimage}You can see the three powers in the city of Brasília from the air. ...

Brazil: Fun Around the Fire

Festas juninas were brought to Brazil by Portuguese and Spanish settlers celebrating the harvest ...

The Death Squad Is Alive and Well in Brazil

Rio’s authorities must not give up the fight against ‘Death Squads’ and corruption in ...

500 Protesters Who Broke Into Brazilian Congress Are in Jail

Members of Brazil’s Movement for Liberation of the Landless (Movimento de Libertação dos Sem ...

Brazil: Catholic Church Goes to Court Against Abortion

The National Conference of Brazilian Bishops wants a recent judicial decision to allow abortions ...

In 20 Years, Death of Young Brazilians Grows from 30 to 55 per 100,000

The number of young people murdered in Brazil nearly doubled in a little over ...

One Land Management Accord for Brazil and Six Portuguese-Speaking Countries

A concrete result of the 2nd International Conference on Agrarian Reform and Rural Development ...

Deputy Calls for Banning Monsanto and GM Seeds from Brazil

The presence of transgenic corn seeds in municipalities in the state of Rio Grande ...