metatag Brazil's Trade Surplus Reaches US$ 569 Million, 31% Lower than Last Year's - brazzil

Brazil’s Trade Surplus Reaches US$ 569 Million, 31% Lower than Last Year’s

Cargo planeBrazil’s commercial surplus in the first three weeks of February totaled US$ 735 million, as disclosed today by the Brazilian Ministry of Development, Industry and Foreign Trade.

The balance is the result of a difference between exports, which totaled US$ 8.768 billion, and imports, which reached US$ 8.033 billion.

Of the three weeks, only the first resulted in a deficit (US$ 172 million). From the second week on, recovery was identified, with a positive balance of US$ 691 million in the second and US$ 216 million in the third.

From January to the third week of February this year, the trade surplus is US$ 569 million. In January, there was a trade deficit of US$ 166 million. Thus, the preliminary accumulated balance this year is 31.4% lower than that registered in the same period in 2009 (US$ 830 million).

This year, exports totaled US$ 20.073 billion and imports, US$ 19.504 billion, up to the third week of February.

The forecast of financial market analysts addressed by the Central Bank is that the trade surplus this year should reach US$ 10 billion and drop to US$ 1.6 billion next year. Last year, the trade surplus was US$ 25.348 billion.

ABr

Tags:

You May Also Like

After Winning Portugal and Italy Brazil File Firm Looks Overseas

One of Brazil's Oliveira Group plans for 2008 is to expand sales of its ...

Brazilian Congress’s Windows, Computers and Furniture Smashed by Protesters

Hundreds of landless farm workers in Brazil briefly invaded the lower house of parliament ...

It’s Time Brazil Show Generosity to Neighbors, Says Minister

The Brazilian Minister of Foreign Relations, Celso Amorim, says that Brazil should make it ...