Brazil Just US$ 3 Billion Short of Year’s Surplus Goal: US$ 44 Billion

Brazilian exports generated US$ 11.86 billion in November, a record value for the month, against US$ 10.8 billion in the same period last year.

Imports, in turn, totaled US$ 8.67 billion against US$ 6.7 billion in the same month in 2005, resulting in a trade balance surplus of almost US$ 3.2 billion

The daily average of imports in the month, US$ 433.6 million, was the largest monthly average registered to date. The figures were disclosed today by Brazil’s Foreign Trade Secretariat (Secex), an organization under the Ministry of Development, Industry and Foreign Trade, during the 26th National Foreign Trade Meeting (Enaex), in Rio de Janeiro, southeastern Brazil.

There has been growth in exports of basic, semi-manufactured and manufactured products. With regard to destinations, those that grew most were the Middle East, with 82.5%, Eastern Europe, with 38.1%, and Africa, with 28%.

In the accumulated result for the year, exports reached US$ 125 billion, already exceeding the total for last year.

Imports, in turn, totalled US$ 84.162 billion, resulting in a trade balance of US$ 41 billion. All the values are record for the period. If the trade balance is as good in December as it was in November Brazil’s surplus will reach the government’s goal for the year: US$ 44 billion.

The markets that most grew in the period were the countries of South America, excluding the Mercosur, Asia, Africa, Eastern Europe and the Middle East.

In the accumulated result for the last 12 months, exports have already exceeded US$ 136 billion.

Anba – www.anba.com.br

Tags:

You May Also Like

Brazil Wants to Use 1/4 of Its US$ 200 Billion Foreign Debt on Education

The idea was born at an international conference in Mexico in 2004. Brazil, Argentina, ...

The Way We Were

An exhibition of paintings by the Dutch artist, Albert Eckhout has sparked a revival ...

Brazil’s Oil Self Sufficiency Doesn’t Mean Cheaper Gas Prices

Brazilian President Luiz Inácio Lula da Silva will announce Friday, April 21, that Brazil ...

Brazil’s Wild West Has Largest Concentration of Slave Workers

The Brazilian states with the highest incidence of slave labor are Pará, Mato Grosso, ...

Brazil Calls Summit with Arabs “Historical”

Greater cooperation in the commercial, cultural, political, and scientific-technological spheres will be the main ...

Showdown at Brazil’s Congress: The Weaponless Vs. the Self-Defense Front

On October 23 more than 120 million registered voters in Brazil will go to ...

After Beckham US Soccer Hires Brazil’s Ronaldo

The US's modest soccer world is abuzz with rumors that the hiring of English ...

A Recipe for Brazil

Brazil—at its current level of almost a trillion reais a year, five thousand reais ...

Zero Hunger Reaches 6.5 Million in Brazil

More than 6 million families have received the benefits of the Brazilian government’s social ...

Brazilian Indian Women Raped While Waiting to Get Land Back

Two old Indian women from the Guarani people, in Brazil, were raped by security ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`