• Categories
  • Archives

Brazil Ups Exports Target to US$ 135 Billion and Surplus to US$ 44 Billion

According to estimates announced by the Brazilian Ministry of Development, Industry and Foreign Trade Brazil should export up to the end of the year US$ 135 billion. 

The target for 2006 was US$ 132 billion, "but the result that has been taking place permits increasing the total by another US$ 3 billion," stated the Foreign Trade secretary at the ministry, Armando Meziat.

According to Meziat, the export figures that are being reached "are due more to product price increases abroad than to greater quantities shipped."

He said that the forecast is for prices to have risen by approximately 15% by year-end when compared to 2005, with the volume of exports rising just 6%.

"There are reasons to commemorate," he stated, despite recognizing that substantial increases in export volumes only took place between 2002 and 2005.

The secretary’s forecast is that Brazil should reach a trade balance surplus of US$ 44 billion in December. A few months ago, the ministry stated that the trade balance surplus should remain between US$ 40 billion and US$ 42 billion.

To Meziat, the surplus this year "will only not be larger because there are forecasts for export volumes to remain leveled in the last quarter of 2006, which begins in October."

The secretary minimized the possibility of negative trade balance effects if the crisis in the United States economy gets worse. He recalled that in the past Brazilian exports were turned mainly to the United States and Europe.

Nowadays, however, according to the secretary, Brazil exports much more to the countries in Latin America, and has diversified sales to other continents.

"If the American economy collapses, as it is the largest in the world, this would certainly affect the world as a whole, and the effects could consequently reflect on the Brazilian export market," stated the secretary.

Brazilian bilateral trade in the last 12 months (exports plus imports) totaled US$ 214.7 billion. Exports in the 12 months ending in September reached US$ 130.4 billion and imports US$ 84.4 billion, with a trade balance surplus of US$ 46 billion.

From January to September, exports exceeded the US$ 100 billion mark and imports reached US$ 66.7 billion. When compared to the same period in 2005, imports rose 24% and exports 16.8%.

There has been a 24% increase in imports when compared to the same period in 2005 and a 16.8% in the case of exports, when considering the daily average.

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

Brazil’s Lula Finds Culprit for Global Crisis: White People with Blue Eyes

Brazilian President Luiz Inácio Lula da Silva and British Prime Minister Gordon Brown agreed ...

Sweet Anachronism

When the Portuguese arrived in the early 16th century, they found the native Indians ...

In Brazil, I Found Out, Magic Is an Everyday Reality

There is a church in Curitiba that blesses cars. When I first heard this, ...

Brazil Ready to Build Underwater Robot for Oil Exploration

The project of building a robot with 100% Brazilian technology, capable of operating both ...

Brazil Surplus Reaches US$ 36 Billion Despite Beef Embargo

Brazil’s trade surplus during the first ten months of 2005  surpassed the 2004 results, ...

Brazil Gets into the Business of Building Ocean Liners

In fact, Brazilian shipbuilders are beyond eyeing the transatlantic ocean liner market and are ...

After Cattle Disease Blow, Brazil Takes Steps to Prevent Bird Flu

Brazil’s Minister of Agriculture, Livestock, and Supply, Roberto Rodrigues, said today that the Brazilian ...

Brazilian Embraer's Phenom 1000

Brazil’s Embraer Sells Four Jets to the Irish

Brazil's aircraft maker Embraer and Ireland-based Premier Aviation signed a contract for four Phenom ...

Two Fairs Turn Recife into Brazil’s Tourism Business Center

Business tourists converged to Recife, the capital of the state of Pernambuco, in the ...

Brazil Soldiers Bring AIDS and STDs to Yanomami Indians

AIDS and other sexual transmitted diseases (STDs) are spreading among tribal peoples, including the ...