Lower Sales of Soy Oil and Iron Leaves Brazil with Worst Surplus in 13 Years

    Brazilian steel

    Brazilian steelBrazil’s trade balance showed a surplus of US$ 2.561 billion last year, according to the data released by the Ministry of Development, Industry and Foreign Trade (MDIC). It was the lowest positive result registered since the year 2000.

    The 2013 surplus was obtained entirely in December, since up to November the trade balance registered a deficit.

    The sum is the result of Brazilian exports reaching a total of US$ 242.178 billion and imports worth US$ 239.617 billion. Sales to foreign markets registered US$ 957.2 million in average per working day, a drop by 1% in relation to 2012.

    Purchases, on the other hand, had a daily average of US$ 947.1 million, an increase of 6.5%. The 2013 result was 86.8% below that registered in the previous year.

    According to the MDIC, there was a decrease in shipments of both semi-manufactured goods (-8.3%) and basic goods (-1.2%), while manufactured goods showed an increase (1.8%).

    In the first case, the greatest drops were in the sales of crude soy oil, iron and steel semi-manufactured goods, cast iron, crude aluminum, ferroalloys, semi-manufactured gold and crude sugar. There was, however, an increase in exports of copper cathodes, leathers and cellulose pulp.

    Among basic goods, there was a reduction in exports of crude cotton, crude oil, coffee, pork and tobacco. However, sales of soy, copper ore, beef, corn, iron ore, poultry and soy chaff increased.

    In manufactured goods, there was an increase in exports of oil platforms, cars, hydrocarbons and hydrocarbon products, tractors and cargo vehicles.

    In the case of oil platforms, there was no effective exports, since the equipments were produced by Brazilian shipyards for the Brazilian state-owned Petrobras, but the transactions show up as foreign trade in the company’s accounting.

    According to the MDIC, there was a reduction in exports to Africa (-9.9%), United States (-8.2%), Middle East (-5.7%), East Europe (-4.2%) and European Union (-3.6%). On the other hand, there was an increase in sales to Latin America and Caribbean excluding the Mercosur (6.1%), to the Mercosur countries (5.2%) and Asia (2.3%).

    The main countries importing Brazilian goods were, in this order, China, United States, Argentina, Netherlands and Japan.

    Among imported goods, there was an increase in purchases of fuels and lubricants (13.8%), raw-materials and intermediate goods (5.8%), capital goods (5.4%) and consumer goods (3.2%).

    The MDIC informed that there was an increase in imports among all economic blocs, with the exception of East Europe and the Middle East. The main suppliers for Brazil during the year were China, United States, Argentina, Germany and Nigeria.

    Anba

    Tags:

    • Show Comments (2)

    • minecraft juegos

      minecraft juegos
      This will be great collections for everyone, really thank you. I’m also attending high school culture system, hope everyone’s help.
      minecraft juegos

    • nx8

      now
      wow! these is so good. I think, I need its

    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

    Foreign Investors in Brazil’s Stock Market Triple

    The Brazilian Institute of Geography and Statistics (IBGE) reports that this year there has ...

    US dollar

    Brazil Gets Lion Share of Foreign Investment in Latin America

    Foreign direct investment (FDI) in Latin America and the Caribbean was record last year, ...

    Despite Recent Downturn, Brazil’s GDP Totaled US$ 622 Billion Up to September

    The Brazilian Institute of Geography and Statistics (IBGE) announced that the Gross Domestic Product ...

    American and Brazilian presidents George W. Bush and Luiz Inácio Lula da Silva

    Brazil’s Lula Close to Doha Round Agreement with “Good Friend” Bush

    Brazil and United States will attempt to advance the Doha global trade talks during ...

    Brazilian congressman José Genoíno

    Genoíno’s Path from Guerrilla to Socialist Lite in Brazil’s Congress

    José Genoíno’s life covers the trajectory of the Brazilian left over the last half ...

    OrganicsBrasil

    To Sell Organics Abroad Brazil Needs Rules and Organization

    Turned to farmers, producers and processors of organic products with International Certification, the OrganicsBrasil ...

    Brazilian Entrepreneurs Bullish on Brazil

    The results of October’s 157th Manufacturing Industry Survey, conducted by the Brazilian Institute of ...

    Low Inflation Keeps Brazilian Market Jumping

    Latin American stocks gained ground, with Brazilian shares attracting buyers on encouraging inflation data. ...

    World Economic Forum Holds Meeting on LatAm in Brazil

    The World Economic Forum (WEF) is going to hold for the first time a ...