Brazilian Imports Jump 26.9% While Exports Grow a Modest 2.6%

Brazilian exports grew only 2.6% in August, while imports rose 26.9%. Brazil sold the equivalent of US$ 11.348 billion and purchased US$ 7.676 billion worth of foreign goods, resulting in a trade surplus of US$ 3.672 billion.

Overall flows in both directions were the greatest this year, but the surplus in August was only the third largest, losing out to July (US$ 5.012 billion) and June (US$ 4.030 billion).


The surplus for the first eight months of this year rose to US$ 28.348 billion, 29.5% more than the US$ 21.904 billion surplus registered over the same period in 2004.


Between January and August, total exports were up 24%, totaling US$ 76.086 billion, while imports, which amounted to US$ 47.738 billion, rose 21% during the 168 business days of this year, compared to the same period in 2004.


The surplus in the last 12 months (September, 2004, to August, 2005) stands at US$ 40.108 billion, with US$ 111.206 billion in exports and US$ 71.098 billion in imports.


The general figures for the trade balance are available on the site of the Ministry of Development, Industry, and Foreign Trade –  www.desenvolvimento.gov.br.


Agência Brasil

Tags:

You May Also Like

In Brazil, a Full Week of Bad News in Politics and the Market

Latin American markets ended mixed, with share movement somewhat muted. Brazil posted its fifth-straight ...

After a Court Scare Brazil’s Live Earth Is On Again

Brazilian judge Maria Paula Gouvêa Carvalho, from the 4th Court of Public Treasure in ...

News of Lula’s Waning Popularity Depresses Brazil Stocks

Latin American markets drifted lower for the most part, due to weakness in the ...