Brazil Gets Record Exports and Imports. But Trade Surplus Is Down

Tobacco plantation in Brazil Brazil's balance of trade surplus (exports minus imports) stood at US$ 944 million on January, a value lower than recorded during the same period last year (US$ 2.516 billion) and in December 2007 (US$ 3.636 billion). The figures were disclosed by the Brazilian Ministry of Development, Industry and Foreign Trade.

During the 22 business days in the month, Brazilian foreign sales reached US$ 13.277 billion, a 20% increase compared with January 2007 based on the average per business day, and imports totalled US$ 12.333 billion, a 45.6% growth based on the daily average. Average daily exports were US$ 603.5 million and imports were US$ 560.6 million.

The values of exports, imports and bilateral trade (US$ 25.61 billion) were record highs for the month of January. There was an increase in shipments of basic goods (25%), manufactured goods (18.3%) and semi-manufactured goods (15.9%).

In the case of basic goods, highlights were exports of tobacco leaves (100% expansions), soy grains (82%), chicken meat (61%), corn in grains (42.6%), bovine meat (40.4%), soy chaff (26.4%) and iron ore (11.1%).

With regard to manufactured goods, highlights were fuel oils (growth of 586.3%), pumps and compressors (74%), gasoline (70.1%), cargo vehicles (63%), machinery and grading equipment (46%), and tires (41.4%). Highlights among semi-manufactured goods were iron alloys (growth of 136.6%), iron and steel semi-manufactured goods (78%) and pulp (35.9%).

In terms of markets, there was an increase in sales to the remaining Mercosur countries (plus 56.7%), Africa (22.4%), Asia (21.3%), the European Union (20.6%), the Middle East (20%) and the United States (9.2%).

There was also a growth in imports of all production categories, such as capital goods (56.9% increase), raw material and intermediate goods (52.7%), consumer goods (48.8%), and fuels and lubricants (8.7%).

Among suppliers, imports grew from the following regions: the Middle East (plus 249.7%), Eastern Europe (76.2%), other Mercosur countries (71.6%), Asia (56.3%), the European Union (49.2%) and the United States (40.9%).

In the fifth week of the month, the country exported US$ 2.419 billion and imported US$ 2.223 billion, resulting in a surplus of US$ 196 million.

In the 12-month period ending on January, the balance of trade surplus remained positive in US$ 38.456 billion, a value 16.6% lower than recorded in the period from February 2006 to January 2007 (US$ 46.137 billion).

Anba 

Tags:

Ads

You May Also Like

US Recession Won’t Reach Copacabana Beach, Says Brazilian Minister

Thanks to a high global demand for agricultural products, ethanol and iron ore and ...

39 Million or 20% of Brazilians Live on Government Charity

A report just released by Brazil’s government statistical bureau (IBGE), "Education and Access to Transfer ...

Three Months of Brazilian Movies in Europe

Considered the greatest itinerating Brazilian movie exhibit in Europe, the Plural Brazil Festival reaches ...