Brazil Gets Record Trade Surplus in the Mercosur

    Brazil’s trade surplus with its Mercosur partners (Argentina, Paraguay, and Uruguay) in 2004 was the highest since the creation of the bloc in 1991. Brazil exported US$ 8.91 billion and imported US$ 6.39 billion, yielding a surplus of US$ 2.51 billion.

    In 2003, the balance generated a US$ 12.9 million deficit for Brazil in its commercial relations with its southern neighbors.


    Brazil’s surplus in Mercosur trade represented 7% of the country’s overall trade surplus of US$ 33.69 billion in 2004.


    Within the Mercosur Argentina was the country with which Brazil’s trade produced the highest surplus, US$ 1.8 billion (US$ 7.37 in exports versus US$ 5.57 in imports), equivalent to 71.4% of Brazil’s total trade surplus with the rest of the block.


    Business with Paraguay resulted in a trade surplus of US$ 574.01 million (US$ 871.84 million in exports versus US$ 297.82 million in imports), equivalent to 22.8% of Brazil’s total trade surplus with the rest of the block.


    For its part, trade with Uruguay generated a surplus of US$ 144.17 million (US$ 667.04 million in exports versus US$ 522.86 million in imports), equivalent to 5.8% of Brazil’s overall Mercosur trade surplus.


    For the Brazilian director of the Mercosur Secretariat, Reginaldo Braga Arcuri, although the other countries had significant shares, the volume of Brazil’s commercial transactions in the Mercosur is particularly impressive, especially when it comes to the positive trade balance.


    “This, however, is a reasonably natural state of affairs, since Brazil is, in fact, responsible for, let us say, around 70% of the region’s economy,” Arcuri observes.


    Translation: David Silberstein


    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    Your email address will not be published.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

    Acauã Dam in Paraí­ba state, Brazil

    New Dams in Brazil Keep on Destroying Communities and Lives

    Until the end of the 1990's, 4,500 rural families lived on the banks of ...

    Brazil’s Lula Spared New Scandal as Former Ally Backtracks

    The former chairman of Brazil’s ruling Workers Party, Silvio Pereira, on Wednesday, May 10, ...

    Jump in Oil Prices Gives Brazilian Market the Chills

    Latin American stocks were mostly lower, this Tuesday, undermined by heavy profit taking and ...

    A sugarcane plant in Brazil

    Brazil Boosts Investment in Agriculture by 12% to US$ 40 Billion

    In the next few days Brazil is expected to announce the country's annual investment ...

    Rio bloco

    Rio Gets Carnaval Boost: 730,000 Tourists Who Spent US$ 285 Million

    Rio received approximately 730,000 Brazilian and Foreign tourists during carnival, having registered 94% occupation ...

    A Sex Scandal Makes Brazil Forget All Other Scandals

    After taking over Orkut where they represent 64% of Google's social networking site Brazilians ...

    Jean Charles de Menezes

    Scotland Yard Settles with Family of Brazilian Mistaken for Terrorist and Killed

    Jean Charles de Menezes's family has agreed on a compensation deal with the London ...

    Free Zone in Manaus, Brazil

    Cell Phones Lead Exports from Brazil’s Industrial Hub of Manaus

    The Industrial Hub of Manaus, capital of the northern Brazilian state of Amazonas, posted ...

    It’s a Record. Brazil Makes US$ 4 Billion in Tourism.

    Tourism will earn Brazil a recording-breaking US$ 4 billion in 2004, corresponding to the ...

    Brazil to Lower Its Long-Term Interest Rates to 9%

    Latin American stocks were mixed, with Brazilian shares slumping on profit taking following recent ...