• Categories
  • Archives

Brazil’s Trade Surplus Falls 38%, the Worst in Five Years

A Brazilian cargo train from ALL A Brazilian cargo train from ALL

A Brazilian cargo train from ALL It was the lowest result since 2003 for the Brazilian balance of trade this past year. Brazil ran a surplus (exports minus imports) of only US$ 24.735 billion in 2008. While exports reached US$ 197.942 billion imports totaled US$ 173.207 billion, according to information supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.

The surplus is 38.2% lower than recorded in the previous year, of US$ 40.032 billion, when Brazilian foreign sales totaled US$ 160.649 billion and imports stood at US$ 120.617 billion.

In December, Brazil recorded a trade surplus of US$ 2.301 billion, as a result of US$ 13.818 billion in exports and US$ 11.517 billion in imports.

The surplus in December was 36.8% lower than recorded during the same period of 2007, when the trade surplus was US$ 3.639 billion, and 42.7% higher than the result for November 2008 (US$ 1.613 billion).

According to the weekly survey of the Central Bank of Brazil with market analysts, the Brazilian trade surplus should decrease a little further in 2009, to reach US$ 15 billion. The Central Bank, in turn, estimates the surplus for the year at US$ 14 billion.



  • Show Comments (2)

  • ch.c.

    Same for IMPORTS…of course.

  • ch.c.

    Always funny to read the Brazilian stats !
    To my knowledge Brazil currency and accounting is …NOT IN US$ !!!!

    Who has ever seen a EU stats, Swiss stats, Japanese stats, China stats, UK stats…..in US$…COMING FROM THEIR

    Brazil exports stats numbers are WRONG both when the Brl goes up or down against the US$ !


    Everything else is WRONG !


Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Copacabana Hotel

Worried with Brazil’s Image Government Steps In to Prevent Gouging at Rio +20

The Brazilian government stepped in and negotiated a reduction of at least 20% in ...

LatAm’s Ill Is Not Chavez But Misery and Lack of Education, Says Brazil’s Lula

Brazil's President, Luiz Inácio Lula da Silva said on Thursday, April 26, he believes ...

São Paulo, Brazil, Cumbica international airport

Brazil’s US$ 5 Billion Deficit After Brazilians Go on a Shopping Spree Overseas

In July, the month of school holidays, expenditures by Brazilians in foreign countries totaled ...

Castro Praises Argentina-Brazil Unity in Mercosur

Cuban leader Fidel Castro who was the main attraction of the Friday, July 21, ...

Obama in Rio with family

Brazil Is Example of Democracy for Arab World, Says Obama in Rio

US President Barack Obama, in a show of support for Brazil’s rising global economic ...

Brazilian Embraer Sells 30 New Jets to US Market

Embraer announced that it has reached an agreement for the sale of 30 firm ...

Brazil’s Petrobras to Invest US$ 3.6 Billion in Two Projects

Petrobras, Brazil’s state oil exploration and production company. will build a fertilizer factory in ...

Brazil's Army commander Enzo Peri

Lula Finds out the Brazilian Military Still Pack a Heavy Punch

Brazilian president Luiz Inácio Lula da Silva fired a four-star general, Maynard Marques de ...

Brazil’s Cheap Cost of Living Is a Myth, World Bank Study Shows

A World Bank comparative study on prices and purchasing power has found that Brazil ...

Lula greet Ahmadinejad in Brasília, Brazil

Lula Wants World to Know Brazil Is Iran’s Good Friend, Nukes and All

Brazilian diplomats believe that the administration of president Luiz Inácio Lula da Silva plans ...