Brazilian Exports Press Ahead: US$ 43 Bi in Trade and US$ 14 Bi Surplus

Brazil’s exports last week amounted to US$ 2.342 billion, as against US$ 1.271 billion in imports, resulting in a US$ 1.071 billion trade surplus. For this month’s first nine business days, the surplus comes to US$ 1.951 billion.

This year’s trade surplus stands at US$ 14.389 billion to date, 6.05% more than during the same period last year.

This year’s figure is the result of exports worth US$ 43.602 billion (14.5% higher than last year) and imports worth US$ 29.213 billion (19.2% higher than last year).

The general figures for last week’s trade balance were announced Monday, May 15, by the Brazilian Ministry of Development, Industry, and Foreign Trade.

Banco do Brasil

The state-owned Bank of Brazil registered net profit of US$ 1.081 billion during the first quarter of the year. The value means an increase in 142.9% in relation to the same period last year.

The bank’s net assets were of US$ 9.024 billion in the end of March, at current exchange rates, 28.6% greater than that registered in March 2005. Total assets increased by 7.7%, to US$ 124.4 billion.

ABr

Tags:

You May Also Like

Fed Up With Brazil and Argentina, Uruguay Threatens to Leave Mercosur

iven the mounting difficulties with Mercosur, Uruguay is quietly considering different options for different ...

For Investors Worldwide Brazil is Priority Number 1 in LatAm

Although Chile is considered the market with the most favorable environment for business, only ...

Brazil: 20% Jobless in São Paulo

Almost 2 million people or 20 percent of the economically active population are without ...

Brazil’s Drag Queen, the Toast of New Zealand, Stars in Own Play

Color, style, laughs, maybe some tears, live singing, lots of fun and glamour is ...

Brazil President Goes to Washington for Summit on Global Economic Meltdown

American President, George W. Bush, invited his Brazilian counterpart, Luiz Inácio Lula da Silva, ...

Drought in the South Brings Brazil Worst Harvest Drop in 20 Years

Brazil is going through the major decrease in agricultural production in the last 20 ...

Brazil’s Lula Learns the Lesson of Not Planning Ahead

Towards the end of 2007 one of President Luiz Inácio Lula da Silva’s senior ...

Brazil Empire Lives On

Brazil has not completely finished the process of becoming a Republic. Nor has it ...

Brazil Finds Bodies from Air France Jet While Waiting for French Submarines

The Brazilian Air Force announced this Saturday night, June 6, that it had found ...

Biotech Crops Are Killing Land and Life in Brazil and Latin America

Latin America is being invaded by genetically engineered (GE) crops. The promoters of these ...