Brazil's Trade Surplus Falls 38%, the Worst in Five Years
Written by Lisiane Wandscheer
Tuesday, 06 January 2009
It was the lowest result since 2003 for the Brazilian balance of trade this past year. Brazil ran a surplus (exports minus imports) of only US$ 24.735 billion in 2008. While exports reached US$ 197.942 billion imports totaled US$ 173.207 billion, according to information supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.
The surplus is 38.2% lower than recorded in the previous year, of US$ 40.032 billion, when Brazilian foreign sales totaled US$ 160.649 billion and imports stood at US$ 120.617 billion.
In December, Brazil recorded a trade surplus of US$ 2.301 billion, as a result of US$ 13.818 billion in exports and US$ 11.517 billion in imports.
The surplus in December was 36.8% lower than recorded during the same period of 2007, when the trade surplus was US$ 3.639 billion, and 42.7% higher than the result for November 2008 (US$ 1.613 billion).
According to the weekly survey of the Central Bank of Brazil with market analysts, the Brazilian trade surplus should decrease a little further in 2009, to reach US$ 15 billion. The Central Bank, in turn, estimates the surplus for the year at US$ 14 billion.
Always funny to read the Brazilian stats ! written by ch.c.,
January 06, 2009
To my knowledge Brazil currency and accounting is ...NOT IN US$ !!!!
Who has ever seen a EU stats, Swiss stats, Japanese stats, China stats, UK stats.....in US$...COMING FROM THEIR GOVERNMENT FOR EXPORTS FIGURES ??????????
Brazil exports stats numbers are WRONG both when the Brl goes up or down against the US$ !
Brazil growing or declining exports stats SHOULD BE ONLY IN BRAZILIAN CURRENCY WHEN PROVIDED BY BRAZILIAN AUTHORITIES !
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Who has ever seen a EU stats, Swiss stats, Japanese stats, China stats, UK stats.....in US$...COMING FROM THEIR
GOVERNMENT FOR EXPORTS FIGURES ??????????
Brazil exports stats numbers are WRONG both when the Brl goes up or down against the US$ !
Brazil growing or declining exports stats SHOULD BE ONLY IN BRAZILIAN CURRENCY WHEN PROVIDED BY BRAZILIAN AUTHORITIES !
Everything else is WRONG !
SIMPLE AS THAT