Brazil’s Trade Surplus Keeps Shrinking Due to Growing Imports

    Brazilian imports

    Brazilian imports The Brazilian balance of trade is running a surplus (exports minus imports) of US$ 13,339 billion up until the third week this month, 41.8% lower than recorded in the same period of 2007 (US$ 22.934 billion).

    In the accumulated result for the year, exports total US$ 102.489 billion and imports, US$ 89.150 billion.

    The reason for the reduction in the trade surplus is the expansion of imports at a faster pace than that of exports. The cheaper dollar and the increased income of Brazilians favor product imports. Besides, companies import machinery and equipment to invest in production.

    In July, taking into account the trade surplus of US$ 459 million posted in the third week of the month, the surplus is now US$ 1.989 billion. In the third week, foreign sales reached US$ 4.362 billion and purchases, US$ 3.903 billion. In the month, so far, exports total 11.844 billion and imports, US$ 9.855 billion.

    Record Agribusiness Exports

    Brazilian agribusiness exports broke records and reached US$ 33.8 billion in the first half of the year, an increase of 16.3% over the same period in 2007. In June alone, foreign sales totaled US$ 6.5 billion, the largest value registered in the month.

    Powered by fertilizer and animal feed prices, the Gross Domestic Product (GDP) of agribusiness registered growth of 3.83% over the first four months of the year. The figures were disclosed today (17) by the National Confederation of Agriculture and Livestock (CNA).

    Inputs alone grew 7.7% from January to April, whereas some agricultural prices presented slight deceleration. According to the CNA, agribusiness growth in 2008 is not being translated into better revenues for producers. The reason, according to the organization, is the price increase of inputs, including fertilizers.

    Grain Production

    The global production of grain grew 2.8% this year, according to estimates by the Food and Agriculture Organization (FAO), disclosed on the site of the United Nations in Brazil.

    According to the FAO, production should exceed demand. The greatest growth should take place in wheat, as, according to the organization, all producer regions in the world have expanded their crops.

    However, the FAO believes that international grain prices should continue high due to the strong corn demand in the United States. Global exports of corn, according to the organization, reached record volumes some weeks ago and have doubled when compared to last year.

    In South America, the corn harvest has not finished yet, but record volumes are expected. This is because the region has broadly expanded its corn crops due to the high price of corn on the global market.

    Brazil should pick a record crop this year, of 142.2 million tons, according to the National Food Supply Company (Conab). It should be 8.1% greater than last year's crop. The corn cropland in the country grew 2.1% in the period, expansion of 958,200 hectares.

    ABr

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    • Show Comments (10)

    • Jorge Gonzalez

      Good and bad thing
      By running a trade surplus Brazil has more in house goods which means more money for the economy is coming in. On the flip side it means that more luxury items are coming into the economy, which is a signal of a larger middle class. Brazil is still exporting quite a bit of oil as well which is extremely profitable.

    • AUGUSTUS

      AUGUSTUS PROVIDES ADDITIONAL EVIDENCE ABOUT SWISS HATREAD FOR FOREIGNERS — HELVETIA HORRIFICA!!!
      ADDITIONAL EVIDENCE TAKEN FROM THE INTERNET
      THE ABHORRENT OVERALL DISPOSITION OF AVERAGE SWISS CITIZENÀ¢€™S VIS-Àƒ€-VIS NON-EUROPEANS IS HARSH AND GHASTLY!!!
      NO WONDER CERTAIN ELEMENTS LOUDLY DISPLAY THEIR UNCONCEALED HATRED TOWARDS BRAZILIANS
      WE SHOULD NOT TOLERATE THIS NEO-NAZIS FROM HELVETIA !!! 🙁
      QUOTE
      POLITICIANS who make use of divisive and reckless populism to gain votes, put post-war European democratic standards and values at risk. This was most dramatically shown in Italy, in November 2007, when, shameful, deportation policies, based on the collective punishment of all Romanian immigrants (read Roma), were introduced by a centre-left government. This followed the arrest of a Roma for the sexual assault and murder of Giovanna Reggiani, the 47-year-old wife of a navy captain whose body was found in a ditch near her home in Rome. But, in Switzerland, too, thanks to populist proposals advanced by the extremist Swiss People’s Party (SVP), the notion of ‘collective punishment’ is on the agenda. The SVP believes that the entire family of a criminal under the age of 18 should be deported as soon as sentence has been passed. If such a law were passed, say civil libertarians, it would be the first such law in Europe since the Nazi practice of Sippenhaft – or kin liability – whereby relatives of criminals were held responsible for their crimes and punished equally.
      But examination of electoral issues also reveals something far more encouraging, that the resort to tactical populism has spurned a new resistance. In Rome, it was the Jewish community, utilising the slogan ‘one man guilty, not a whole people’, who mobilised via the EveryOne Group to oppose the climate of anti-Roma hatred. In Switzerland, racist images deployed by the Swiss People’s Party in its election campaign (a poster, in cartoon form, depicted three white sheep standing on a Swiss flag, with one of the sheep kicking out a black sheep with a flick of its back legs) gave rise to the broad-front politics of the Black Sheep Committee. Meanwhile, in France, young people of immigrant descent living in the neglected and run-down banlieues are defending themselves from demonisation and criminalisation. Truth and Justice was formed to defend those arrested, counter police mis-information and ensure that the perspectives of the youth of Villiers-le-Bel inform the media debate.
      UNQUOTE 🙁

    • AUGUSTUS

      Troubles in Swiss Paradise??? À¢€“ the Locus of BrazilÀ¢€™s main critic, By Augustus Severus
      I thought the following clips might be interesting for those used to boasting from Swiss quarters

      The May rate of inflation in Switzerland became maximum for the last 15 years that has been caused by a rise in prices for energy carriers. Last week the head of the Central Bank of Switzerland Jean-Pierre Rot has declared, hat inflation can become À‚«a real problemÀ‚» if will strongly become stronger in economy.

      Riva Group Plc says it will terminate its operations in Switzerland and sell off all its assets there after piling up losses of 1m pounds on its operations. Half of the 64 staff will lose their jobs and the other half, mainly in software and support, will be relocated. Giles stressed that mid-term net profits were up despite the losses the company had suffered in Switzerland, which it estimated will be just over 1m pounds.

      FEB 2008 – Four days after two Picasso paintings were stolen in nearby Pfaeffikon, armed robbers Sunday stole several paintings from the private EG Buehrle museum in Zurich, estimated at more than CHF100 million. Police will provide more details at a press conference later in the day, they say. The haul is likely to be the largest-ever art theft in Switzerland and includes works by Cezanne, Van Gogh, Degas and Monet

      For several months, Chanvre-Info. with the permission of the authorities has cultivated a hemp field in Murten, Switzerland. The hemp was to be used for the production of seeds, hemp schnapps and essential oil, all three being strictly legal products. On Sunday 9 September, without warning the police sequestered the storage hall, blocked the access to the field and later arrested owner AndrÀƒ© FÀƒ¼rst.
      After risking being kidnapped or worse, the watchmen successfully persuaded the attackers to leave them to stay in the same place, and finally alerted the rest of the farm.
      The policemen took the watchmen to the police station and kept them for 4 hours, whilst no patrol stayed to protect the field and the rest of the people at the farm, including three women, against an eventual new attack.

      Allied Zurich was one of the worst performers in the FT-SE last week, falling 22 per cent. Europe’s fourth largest insurer, created from a merger only last month, has plunged on concern that stock market turmoil will hurt investment earnings at financial services companies. The problems in the Swiss market, which dropped 15 per cent over the week, affected sentiment towards the stock

    • AUGUSTUS

      UNCOVERING THE SWISS VISITOR’S MODUS OPERANDI OR HIDDEN AGENDA – RACISM – BASED ON Clip taken from internet about À¢€œTalk:RacismÀ¢€Â
      ALL, I KEEP ON UCONVERING YET MORE EVIDENCE UNDERLYING EACH AND EVERY ACTION / REACTION EXPRESSED BY THE UNRULY SWISS VISITOR TO THIS BLOG – AS FOLLOWS:
      QUOTE
      I am a Swiss citizen and I just read the article about racism in Switzerland. It says that Black people “experience frequent public humiliation” but I have never witnessed such an event. I do not either feel that it is accurate to say that “Racism based on skin colour today is a widely accepted norm” in Switzerland, notably given that there are explicit laws against racism. Furthermore the reference to a “recent study” is incomplete. I could not find the referenced publication since the link points only to the general website of the Federal Commision against Racism. -cedric
      If the Swiss would start paying off the life insurance policies on the Jews that were murdered in the 1940s, then I might give your arguments some credence. 3 Mar 05
      Ordinarily, I don’t like to start things like this (and my complaint is with the Swiss Banks and Government, not people) but if the banks/government had routed and punished the offending persons concerning the stolen WW2-era accounts rather than simply rectifying a few files, then they might not be in the situation they are in today. This link has a reasonably good summary of it. Sweet freek 04:43, 5 Mar 2005 (UTC)
      UNQUOTE

    • AUGUSTUS

      Information extracted from relatively old source – the GIST of it – the malice remains…
      Of course Swiss Air is gone. Mind the substance, as oppose to the particulars…

    • ..

      Augustus
      very serious accusations you are making against the Swiss, with lot of substance and facts. I thought the Swiss Air went kaput after the crash of their flight 111 of the coast of the Arctic Hell located North of your border. Now you are telling me that Swiss Air is back in Business.

      Perhaps the despicable “Nameless” can clue us all in as how his government allowed Swiss Air to come back to operate.

    • AUGUSTUS

      HISTORICAL SHAME FOR THE SWISS À¢€“ A BBC REPORT
      Shall we get more FACTS from SWISS HISTORY? YET, I DOUBT THIS WILL SHUT UP THE SWISS CRITIC
      BBC = 8 July 2008
      Although it lies close to the geographical centre of Europe, and most of its trade is with its European neighbors, it is not an EU member. A referendum in 2001 went against opening talks on joining.
      Membership of the European Economic Area was also rejected by referendum in 1992 and Swiss-EU relations are now based on an extensive range of bilateral agreements.

      Ties became closer in 2005 when a referendum backed membership of the EU Schengen and Dublin agreements, bringing Switzerland into Europe’s passport-free zone and increasing cooperation on crime and asylum issues.

      NOW THE CRUX OF THE MATTER!!!
      The government expressed its regrets over the country’s behavior in World War II following a report by an independent panel of historians on Swiss relations with the Nazis. The report found that the authorities had known what lay in store for the Jewish refugees to whom they closed the borders in 1942 and had assisted the economy of Nazi Germany, although not to a degree that prolonged the war.

    • AUGUSTUS

      HELVETIA HORRIFICA — SWISS HORROR — SWISS SHAME — WHAT A DISGUSTING PLACE THE CRITIC OF BRAZIL HAILS FROM – SHAME! SHAME! WORSE YET IS THE HYPOCRISY
      SWITZERLAND – WHAT A DESPICABLE, HORRIBLE PLACE!!! NO WONDER I COULD NOT WAIT TO GET OUT OF THAT BORING NIGHTMARE 3 DAYS SOONER THAN SCHEDULED (DESPITE PRE-PAID ACCOMODATIONS!!!)
      FACTS:
      Switzerland is often referred to as a police state because the land is thick with laws and even thicker with their enforcement. For example, taking a bath before 7 a.m. and after 10 p.m. is illegal, as is riding a bicycle on the pavement. And to make it completely fair, pedestrians are soon to be fined for walking on cycle paths. This is the way it should be. In fact, I’d give my last devalued drachma to see some Swiss fuzz in places like the Big Bagel where angel dusted blacks run down elderly white folk with the regularity of a cuckoo-clock.
      Although there is no crime to speak of in Switzerland, Swiss jails are bursting at the seams and have been for generations. Like Swiss hotels they are full of foreigners. About ten years ago, the Swiss voted to build more jails and within days of completion the new prisons were also full. No sooner do foreigners arrive in good old Helvetia, then they are almost immediately jailed. Unlike the law-abiding Swiss, foreigners do not obey laws to the letter, and are regularly thrown into the pokey as a result. Albanians, Serbs, Croats, Bosnians and Italians dominate the prison rolls.

      When the Swiss are not jailing and fining foreigners they keep busy by voting. A Swiss votes more times per annum than the average Englishman votes in a lifetime. National Assembly, Cantonal government, town and community voting aside, the Swiss also have referendums on an average of four times a year. The moment there are enough signatures, any issue can be put to a vote. The Swiss would never tolerate people like Heath, Howe, Hurd and the rest of the galere that sold Britain down the Brussels Swanee while the populace was asleep. A referendum turned down EC membership long ago, not to mention the UN

      All Swiss men from the age of 18 to 55 possess automatic weapons, yet random shootings are almost unheard of. Swiss women were the last women in Europe to be given the vote, with a few cantons holding out until the late 1970s. This is the good news. Strict law and order, no spitting, no camel riding in the middle of town, and no entangling alliances with Third World money-spinner institutions such as the UN and politico-enriching bodies such as the EU. Oh yes, I nearly forgot, taxes are also kept low and there is no VAT. Foreigners are brought in to do menial jobs and the moment they finish they are once again exported to where they came from.

      NOW HERE IS THE REALLY INTERESTING PART – I just wonder to HOW MANY SWISS the following applies (do we know any of them? – 😮
      😀 😀 😀 😀 😀 😀 😀 😛
      Now for the bad news. The Swiss will like the Rumanians and Hungarians — sell their mothers for a handful of francs, but unlike the Magyars they will not even deliver. Money talks louder here than anywhere else on earth. So much so that even Swissair, once upon a time the best airline in the world, has now begun to resemble Olympic Airways, by far the worst in Europe. Here is just one example: last week Sir Jocelyn Stevens, a regular commuter between London and Geneva, arrived one hour before the scheduled departure and checked in without luggage. He always occupies 2A in club class. On this particular day he was told that his confirmed reservation had been cancelled and he was not given a reason why. Jocelyn has been known to shout and on this occasion he outdid himself. In order to quieten him down the Swissair honcho admitted that he had given all club class seats away to a bunch of towelhead princelings and their Filipino nannies.

      NOW THE FOLLOWING IS NOT REALLY SURPRISING, IS IT? AFTER ALL IF THERE IS A NAZI LEFT IN THE WORLD, HE/SHE IS IN SWISS LANDS
      `Racism,’ charged Stevens. `You prefer a few brownies to Anglo-Saxons.’ Eventually the Swiss gave in and Sir Jocelyn made it to Gstaad and lunch with Taki but it was a damn close-run thing. None of us believes in equality, but it’s a hell of a bad day when a bunch of young oily ones get the likes of Jocelyn thrown off. The next thing I know I’ll have to share the swimming-pool with a camel. The Swiss should be ashamed of themselves.

      😉

    • João da Silva

      [quote]On the flip side it means that more luxury items are coming into the economy, which is a signal of a larger middle class. [/quote]

      Please do list the “more luxury items that are coming into the economy”.

      [quote]Brazil is still exporting quite a bit of oil as well which is extremely profitable.[/quote]

      The last time I read serious newspapers, Brazil is IMPORTING oil and we are EXPORTING more Ethanol (subsidized by us).

      May be I am going blind and unable to see the “luxury goods” , “larger middle class” and the money that is gushing in because of the “higher price of the oil”. 😉

    • ch.c.

      Brazil has more…. in house goods !!!
      Strange !

      This said this junkie is somewhat right ! Meaning trade deficits are reduced also in other countries.

      And when a trade surplus is going down in absolute US$ term, the trade surplus reduction is TWICE AS BIG…when expressed in a currency that…. WENT UP (the Brazilian currency) !!!!
      Or said otherwise…Brazil has a trade surplus that is collapsing…when expressed in Brazilian currency !!!

      Hey hey !!!

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