Brazil on a Roll: US$ 100 Billion in Exports in 2005

The Brazilian minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, said on Wednesday, November 9, in Brasilia, capital of Brazil, that the country will reach US$ 100 billion in exports already in 2005.

That would be one year before the deadline established by president Luiz Inácio Lula da Silva.


“For such, we should only hold on to what has already been conquered,” said Furlan, according to his spokesman.


Between January and October 2004, Brazilian exports have already reached US$ 79.1 billion. The government forecasts that up to the end of the year the sum should reach US$ 94 billion.


The Minister pointed out, however, that the country still has a limited image in foreign countries, still very attached to samba, coffee and to personalities such as former football player Pelé.


According to him, it is necessary to show that Brazil has state of the art technology in advanced areas such as biotechnology, banking automation and software.


Brazil has in fact been making an effort to increase the presence of products with greater added value in the export basket.


Today basic products generate 30.8% of country foreign trade revenues, and industrialized products, 68.5%.


Last October, for example, aircraft exports rose 82.6% over the same period last year, auto sales rose 31.7% and communications equipment 31.5%.


In reality, the country has been breaking export records and increasing foreign trade revenues year after year.


In the 1950’s, country foreign sales were under US$ 1.6 billion. This figure rose to US$ 2 billion in the 1960’s, to US$ 15 billion in the 1970’s and, since the end of the 1980’s, they have not been lower than US$ 30 billion.


In recent years, however, export figures have been surprising. Country foreign trade has not reduced at all since 2000. In that year they totalled US$ 55.1 billion, rising to US$ 73 billion last year.


Apart from favorable exchange rates, businessmen, and the federal and state government made an effort to maintain foreign trade at a high.


Last year, president Lula visited five Arab countries and from then to date sales to the region have not stopped growing. Between January and October this year, Brazilian exports to the Arab countries have risen 51%.


ANBA ”“ Brazil-Arab News Agency

Tags:

You May Also Like

Brazilian Judge Orders Newspaper Columnist to Shut Up or Pay Up

Brazilian Judge João Paulo Capanema de Souza, of Rio de Janeiro's 24th Special Civil ...

Flight 1907: Brazil’s Air Force Rebuffs Colombian Pilot Who Panned Air Controllers

Brazilian aviation authorities told yesterday, October 24, that they had finally found a missing ...

Foreign Tourism Brings Brazil Over US$ 2 Billion This Year

According to the Brazilian Central Bank, foreign tourists spent US$ 2.195 billion in Brazil ...

And the World’s Most Desirable Woman Is… Brazil’s Adriana Lima

AskMen.com, a Canada-based online men’s portal announced that a bombshell beauty from Brazil drew ...

Brazil Thinks Ways of Using Alternative Sources for Power

The Brazilian National Forum of State Energy Secretaries is meeting through today in Recife, ...

Brazilian Judge Explains Anti-US Measure

Since the first of the year, Americans arriving in São Paulo are being photographed ...

Brazil: Verdict Against Award-Winning Journalist May Break His Newspaper

Brazilian journalist Lúcio Flávio Pinto, a journalist who has received several prizes in Brazil ...

Brazil’s Agribusiness Exports Grow 19% Reaching US$ 54 Billion

Brazilian agribusiness exports generated US$ 4.9 billion in November, an increase of 12.4% over ...

Lula to Win Brazil Election Today. But Chances of Runoff Are Now Real

Brazilian President Luiz Inácio Lula da Silva continues favored to be reelected this Sunday, ...

600 Pages of Suggestions on How to Improve Brazil’s Service Sector

As in the rest of the world, the tertiary sector is the one that ...