Brazil: Foreign Direct Investment Breaks Historic Record

US dollar
Foreign direct investment (FDI) in the Brazilian productive sector
totaled US$ 2.483 billion in May, the highest result ever recorded by
the Central Bank of Brazil (BC) in the month of May since 1947.

In June this year, however, the BC is expecting a lower inflow of this type of investment. The projection is of US$ 1.5 billion. So far this month (24th), foreign direct investment inflow totals US$ 1.2 billion.

"The figure is somewhat lower than those of previous months, but is not that bad either," said the head of the Economic Department of the BC, Altamir Lopes. He said once again that FDI is spread across various sectors of the Brazilian economy. Lopes added that it is normal for FDI inflows to oscillate.

In the accumulated result from January to May this year, foreign investment in the production sector totaled US$ 11.234 billion. The forecast of the BC for this year is US$ 25 billion.

Exchange Surplus

The sum of dollar inflow and outflow in Brazil was positive by US$ 380 million from the 1st to the 19th of June. Commercial transactions (exports, imports and financing for foreign trade) ran a surplus of US$ 1.007 billion.

The flow of finance (investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations) posted a deficit of US$ 627 million.

The BC also informed that purchases of United States currency totaling US$ 1.597 billion were settled.

The figure resulted from US$ 3.4 billion in exports and US$ 2.3 billion in imports, according to the Ministry of Foreign Trade. So far this year, the surplus is US$ 12.4 billion.

The Brazilian trade surplus during the third week of June totaled US$ 1.131 billion, as a result of US$ 3.435 billion in exports and US$ 2.304 billion in imports, according to the Brazilian Ministry of Development, Industry and Foreign Trade.

In the three weeks of June, the trade surplus totals US$ 3.076 billion. During the period, exports totaled US$ 9.477 billion and imports, US$ 6.401 billion.

From January until the third week of June this year, exports totaled US$ 64.961 billion, and imports, US$ 52.513 billion. The resulting trade surplus is US$ 12.448 billion, a figure 23.6% higher than in the same period of last year (US$ 10.074 billion).

ABr

You May Also Like

In Brazil Poor Won’t Pay for the World Economic Mess, Says President Lula

Brazilian President Luiz Inácio Lula da Silva, in his last official commitment in 2008, ...

Middle East Negotiations Could Benefit from Brazil’s Help, Say Palestinians

Brazil’s foreign minister, Celso Amorim, met with the minister of Foreign Affairs of the ...

Brazil’s Oil Company Petrobras Slightly Reduces Output

Brazil's state-controlled gas and oil multinational Petrobras announced on Friday, December 19, that the ...

Brazilian Named Top Consultant for Petrobras Work

BearingPoint, Inc., one of the world’s largest business consulting and systems integration firms, yesterday ...

In Brazil, Agribusiness Is Down But Meat Exports Are Up

Meat exports rose 10.7% in Brazil, in January, compared with the same month of ...

Brazil Expecting 3.2% Inflation, Lower than 4.5% Government’s Target

Brazilian consumer prices rose only 0.05% in August after a 0.19% increase in July, ...

What the US and Europe Can Learn From Brazilian Socialism

The crash of 2008 called the World Social Forum’s bluff. For years, the Forum ...

Another Group of Uncontacted Peruvian Indians Shows Up in Brazil

A second wave of highly vulnerable uncontacted Indians has made contact with outsiders in ...

Brazil Joins 7 Amazon Neighbor Countries to Manage Common Water

An international project will promote the integration of eight different countries in the Amazon ...

Best in 10 Years for Brazil Companies

Brazilian companies’ profits will reach record levels this year, the best since 1994, according ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`