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

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