Brazil’s Trade Surplus Over US$ 28.1 billion

With exports from January to October at US$ 79.121 billion, Brazil’s cumulative trade surplus for the year is now running at over US$ 28.1 billion.

This year, the daily, working day average value of exports is up 32.3%, compared to last year.


Meanwhile, imports, now at US$ 51 billion for the year, are running at a daily, working day average value that is up 28.6%, compared to last year.


The latest numbers from the Ministry of Development, Industry and Foreign Trade show that in the fifth week of October the country had a trade surplus of US$ 652 million, with exports at US$ 2.188 billion and imports at US$ 1.536 billion.


The daily, working day average value of both exports and imports in the fifth week of October were up over 33%, compared to the same period last year.


Compared to September, the average daily, working day value of exports was up 4.1%, and imports up 6.6%.


For the twelve-month period ending in October, exports totalled US$ 91.849 billion, which is 30.4% more than the previous twelve-month period.


For this yearend, the government forecast is for exports to reach US$ 94 billion.


With regard to imports, for the twelve-month period ending in October, they totalled US$ 59.260, up 25.7% over the same previous twelve-month period.


Agência Brasil
Translator: Allen Bennett

Tags:

You May Also Like

Brazilians Say It Has Become Harder to Get a Job

Consumer confidence in Brazil’s situation rose 1.5% in October, in comparison with September, according ...

4,000 Foreigners from 65 Countries Come to Brazil’s Leather Fair

Brazilian shoe producers exported higher added value products last year. The average price of ...

Brazil Wins Billion-Dollar WTO Cotton Dispute with US

The United States has lost its final appeal in a billion dollar trade dispute ...

Search Goes On for Jet Lost in the Atlantic on Flight from Brazil to France

Even during the night two Brazilian Air Force planes using radar and night vision ...

‘I Won’t Quarrel with Chavez, He’s My Friend,’ Says Brazil’s Lula

Brazilian President Luiz Inácio Lula da Silva admitted Friday, July 6, the existence of ...

Brazil's stock market Bovespa

Brazil’s Stock Market Surpasses 50,000 Points and Makes Bulls See Green

Driven by Brazil's growing exports, strong currency and weak inflation and inspired by the ...

Brazilian Market Ends Rush Up Touched by US News and Oil Prices

Latin American markets were mixed, as Mexico was fueled by some key earnings reports, ...

Brazil's Workers Party, the PT

Brazil’s Ruling Party Has Long Lost Its Capacity for Indignation

The "mensalão" (big monthly allowance) was a catastrophe for the Lula government. For the ...

Brazil Breaks Several Economic Records

All the variables relative to Brazilian industry researched by the National Confederation of Industry ...

Brazil’s Soy Exports Reach Record 4.4 Million Tons

In Brazil, exports of soybean reached a record 4.44 million tons in May, up ...