Brazil’s Trade Surplus Tumbles US$ 13 Billion from Last Year

    Brazilian export

    Brazilian export The Brazilian trade surplus (exports minus imports) reached US$ 734 million in the second week of November and totals US$ 1.211 billion so far this month. The figures were disclosed by the Brazilian Ministry of Development, Industry and Foreign Trade.

    Last week, exports totaled US$ 4.356 billion and imports, US$ 3.622 billion. This month, Brazilian foreign sales total US$ 8.520 billion and purchases, US$ 7.309 billion.

    In the accumulated result for the year so far, the trade surplus is US$ 22.031 billion, as against US$ 35.109 billion during the same period of 2007. From January until the second week of November this year, exports totaled US$ 177.892 billion and imports, US$ 155.861 billion.

    BR Announces Record Profit

    Brazilian company Petrobras Distribuidora (BR) announced that it posted a record-high net profit of 1.028 billion reais (US$ 450.8 million) in the third quarter this year.

    This was the first time in the history of the company that the figure surpassed 1 billion reais. The result recorded in the quarter is 49.2% higher than that of the same period last year, 689 million reais (US$ 302.1 million).

    The company also achieved record sales in the period: 3.459 billion liters of fuel. In the accumulated result from January to September, a total of 28.051 billion liters were sold, a result 13.7% higher than in the same period last year. In 2007, sales totaled 33.9 billion liters.

    In a press release, BR informed that the performance is a result of steadily rising sales and of cost control maintenance.

    ABr

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    • Show Comments (3)

    • canadian40

      Do you ever read any of the positive aspects of the Brazilian economy…I see many in the Economist, but I guess we should take your word over them πŸ˜‰

    • canadian40

      Where did you get this information Ch. C? From what I’ve read, its only the lowest in six years…it was far worse before that.

    • ch.c.

      Hey hey…….
      ………and what about the current account DEFICIT that already include the trade surplus ????
      It is already at a HISTORICAL RECORD….DEFICIT…AND GROWING !!!!!

      πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰

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