• Categories
  • Archives

Brazil Trade Deficit Over a Billion Dollars in January

Brazilian soy Brazilian exports grew 21.3% in January compared with the same period of 2009, totaling US$ 11.305 billion, which results in a daily average of US$ 565.3 million. In January 2009, the daily average was US$ 465.8 million.

Imports grew 16.8% in comparison with January 2009. According to the Brazilian Ministry of Development, Industry and Foreign Trade, imports totaled US$ 11.471 billion, or a daily average of US$ 573.6 million, as against US$ 491 million in January last year.

As a result, the trade balance, which is the difference between exports and imports, recorded a deficit of US$ 166 million (daily average of US$ 8.3 million).

In January 2009, the deficit was US$ 529 million. Despite the trade deficit, the result was 67.1% better than in the same month of last year, when the average daily deficit was US$ 25.2 million.

Total trade – i.e. the sum of imports and exports – reached US$ 22.776 billion, resulting in a daily average of US$ 1.138 billion. The figure is 19% greater than recorded in January of last year (US$ 956.8 million).

Taking into consideration the fifth week of January alone (from the 25th to the 31st), the balance of trade showed a US$ 730 million surplus, at a daily average of US$ 146 million – US$ 3.254 billion in exports, at a daily average of US$ 650.8 million; and US$ 2.524 billion in imports, at a daily average of US$ 504.8 million.

Khartoum Fair

Khartoum International Fair, in Sudan, began Monday with Brazilian stand, organized by the Arab Brazilian Chamber of Commerce and the Brazilian embassy in Sudan, for the fifth time. The multi-sector fair should end on the 8th.

In this edition, apart from institutional presence promoted by the Arab Brazilian Chamber and the embassy, the space will include representatives of three Brazilian organizations: Grendene, in the shoe sector, JBS Friboi group, the largest conglomerate in the meat sector in the world, and furniture factory Fiasini.

The secretary general at the Arab Brazilian Chamber, Michel Alaby, should be representing the organization. Apart from participating in the fair, he plans to have meetings with businessmen and representatives of sector organizations in Sudan.

There is already a meeting scheduled with the Giad group, a Sudanese conglomerate that operates in several sectors. According to Alaby, the company is interested in building ethanol mills in the African country.

There is already a factory of the kind in Sudan, belonging to Kenana Sugar Company. Inaugurated last year, the plant was built with machinery and equipment supplied by the Brazilian Dedini, specialized in the sector. The country, as is the case with Brazil, is a great producer of sugarcane.

Exports from Brazil to Sudan generated US$ 97.34 million last year, growth of 91.5% in comparison with 2008. The main products shipped were sugar, machinery and equipment, tobacco, tractors and electric material.

ABr/Anba

Tags:

  • Show Comments (0)

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.

Ads

You May Also Like

200 Air Force Men at Boeing Crash Site in Brazilian Jungle

Brazilian authorities restarted at 5;30 am, this Sunday, their search for victims of the ...

Inflation Up North Gives Brazilian Stocks the Chills

Latin American and Brazilian shares in particular were down on continued worries about U.S. inflation ...

Politician’s Bodyguard Threatens Reporters in Brazil

Brazilian reporters Paula Litaiff and Arlesson Sicsú from the newspaper Diário do Amazonas were ...

Itaíº, Brazil’s Second Largest Bank, Takes Over LatAm’s BankBoston

Bank of America Corporation, the second largest United States bank announced Tuesday, May 2, ...

Brazil’s US$ 36 Billion Surplus Helps Markets

Brazilian and Latin American markets advanced, as investors reacted positively to a string of ...

Group of Congressmen in Brazil Tries to Salvage Congress’s Image

In its continuing attempts to salvage the image of Brazilian Congress, a new organization, ...

Brazil Top 10 in Entrepreneurship. 13% of Brazilians Have Own Business

In 2007, Brazil has come closer to the main countries in entrepreneurship in the ...

Brazil Is Hip in Moscow

Today marks the start of the “Brazil-Russia Fashion” exposition, a presentation of Brazilian jewelry, ...

Brazil Submits New General to Head UN Forces in Haiti

The Brazilian government has submitted to the United Nations the name of general José ...