• Categories
  • Archives

In Three Weeks, Brazil Has Already Exported US$ 5 Billion

Brazil’s trade balance registered a US$ 292 million surplus in the third week of January, from January 17-23. With this result, the surplus comes to US$ 1.208 billion so far this year.

In the third week of January, exports amounted to US$ 1.560 billion, for an average daily quantum of US$ 312 million. Imports totaled US$ 1.268 billion, for an average daily quantum of US$ 253.6 million.


The cumulative sum of exports for the year is US$ 5.137 billion, for a average daily total of US$ 342.5 million, while the cumulative sum of imports is US$ 3.929 billion, for a average daily total of US$ 261.9 million.


The tendency continues for imports to grow more than exports, in comparison with 2004. While sales abroad increased 24% through the third week of the month, purchases were up 30.5%.


The president of the National Confederation of Industry (CNI), Armando Monteiro Neto, affirmed last month that Brazil has reencountered economic growth, after years of “marasmus.”


He pointed out that the sector responsible for levering development was the construction industry, which was practically stagnant and gained renewed energy with the resumption of investment. The projected growth of the sector for 2005 is 5.8%.


The president of the CNI optimistically observed that the secondary sector obtained results superior to the average rate of growth as a result of a joint effort with the federal government, which created an environment favorable to investments.


“Inflation is under control, the trend in government accounts is healthy, and external vulnerability declined with the trade balance surplus,” Monteiro remarked.


According to the president of the CNI, now the challenge for maintaining the development indices is to implement such measures as lowering the Industrial Products Tax (IPI) on machinery and equipment, shortening the period for recompensing Social Security Finance Contribution (Cofins) credits, and stimulating investments.


Agência Brasil

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Your email address will not be published.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

Saudi Arabia, main destination for Brazilian exports to Arab world

Brazil Exports to Arab World Grow 19% to Over US$ 1.5 Bi

Brazilian exports to the Arab countries generated over US$ 1.5 billion in the first ...

A Proposal from Brazil: Let’s Internationalize California

Whenever there is a fire in the Amazonian rainforest, a bunch of phony NGOs ...

Brazil Congress to Inquire How President’s Chief of Staff Multiplied Fortune by 20

Not even five months, Brazil’s young government faces its first scandal. It involves presidential ...

A French Touch

A roar made the house shake. A blood cascade gushed over the man! The ...

Blacks Become Majority in Brazil, But Power Remains with Whites

The news is out. Brazil, with a population of 191 million people, is no ...

Rio Rains Kill 145: Great Views in Favelas Come with a Steep Price

Rio’s rain began around 5:00 pm on Monday, April 5. There  was an uncommon ...

Brazil Hires French Firm to Clean Its Gas

Petrobras informs that it hired the French firm, Axens (of the French Petroleum Institute ...

Best-seller books, plays & movies

PLAYS Rio O Burguês Ridículo (Ridiculous Bourgeois) — Adapted from a Molière’s comedy. Directed ...

500 International Investment Experts Get Together in Brazil

Global tendencies for capturing investments, the liquidity of paper in capital markets, corporate perspectives ...

Brazilian Officer Who Killed Indian Faces Jury 9 Years After Crime

Today, August 4, a military police officer charged with murdering Raimundo Silvino, an indigenous ...