Brazil’s Exchange Flow Goes US$ 1.4 Billion into the Red

MoneyFigures disclosed by the Central Bank of Brazil show the balance between the flow of dollars entering and exiting Brazil (the exchange flow) last week resulted in a deficit of US$ 1.391 billion.

However, with the positive result of the first week of February (US$ 1.917 billion), the partial balance for the month, up to the 12th, is US$ 526 million positive. The result for the first two weeks of February is lower, though, than in the same period last year, when it totaled US$ 1.026 billion.

In the accumulated result from January to Friday 12, the result is US$ 1.6 billion positive, against a negative balance of US$ 1.992 billion in the same period last year.

In the two weeks of February, the financial balance (investment in papers, transfer abroad of profits and dividends and foreign direct investment, among other operations) was US$ 2.187 positive. The trade balance, which covers export, import and financing to the sector, however, had a negative result of US$ 1.661 billion.

From January to the second week of this month, the financial flow was US$ 3.401 billion and the trade flow was US$ 1.801 billion negative.

The Central Bank of Brazil also informed that purchases of dollars on the spot market raised international reserves by US$ 257 million in the first two weeks of February this year. In January, the result was US$ 1.709 billion.

Imports of Chemicals

Brazilian imports of chemical products totaled 1.9 million tons in January, growth of 23.4% over December and 66.4% when compared to January 2009, according to figures disclosed by the Brazilian Chemical Industry Association (Abiquim).

The value of purchases was US$ 2.2 billion. There was reduction of 4.7% over December, but growth of 11.3% over January last year. The most imported items were inputs for the production of fertilizers and thermoplastic resin.

Shipments of Brazilian chemical products generated US$ 991 million last month. There was a 6.7% reduction over December, but expansion of 61.2% over January 2009. Exports totaled 997,200 tons, 0.5% less than in December and 46.3% more than in January last year, always according to the Abiquim.

Tags:

You May Also Like

A Fashionable Brazilian Way of Facing the Global Meltdown

In the corridors of Fundação Bienal, in São Paulo, in the Brazilian Southeast, where ...

Brazil Will Never Have Blackouts Again, Promises President Lula

Brazilian President Luiz Inácio Lula da Silva, speaking after a visit to the Peixe ...

Brazilians Living Abroad Elect 16 of Their Own to Represent Them

Brazilian expats living in several countries around the world participated in elections to choose ...

Almost 1 million Brazilians Stop Receiving their Family Allowance

Over 700 thousand Brazilians have lost their Bolsa Família (Family Allowance), a monthly voucher ...

Brazil's College FAAP

Arabs and Jews Mix and Mingle in Brazilian College

Brazil's Fundação Armando Àlvares Penteado (FAAP) exchange course agreement, started in  2002, had not ...

Brazil-Emirates Maiden Direct Flight Has Brazilians at the Helm

The Emirates airline flight that left Guarulhos International Airport, in São Paulo, on the ...

Biological Diversity Convention Makes Brazil an Ecological World Leader

Monday, March 20, in a press conference, the executive secretary of the Convention on ...

Brazil’s Lula: ‘Beware of the European Union’

Brazilian President Luiz Inácio Lula da Silva is reported to have asked that the ...

Congressmen in Brazil Double Own Salary Leaving Their US Colleagues in the Dust

Brazilian senators and House representatives approved this Thursday, December 14, a hike in salary, ...

Frederico Fleury Curado, new Embraer's CEO

Brazil’s Embraer Is Hiring 4,000 and Getting New President

Brazilian aircraft manufacturer Embraer is about to enter a new phase. Beginning on April ...