Brazil - Brazzil Mag - Brazil Is Back to Black on Foreign Trade
Advertisement
  Friday, 27 November 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care
-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Who's Online
We have 141 guests online
Latest News
Statistics
Members: 494
News: 11478
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Brazil Is Back to Black on Foreign Trade PDF Print E-mail
Written by Newsroom   
Wednesday, 04 March 2009

Port of Santos, in Brazil Trade surplus in Brazil hit US$ 1.7 billion in February, up from a US$ 518 million deficit in January and an US$ 882 million surplus in February 2008, the Brazilian Ministry of Development, Industry and Trade reported this week.

Despite the significant improvement in February, the country is still undergoing a strong economic deceleration compared with the same period in 2008. According to the ministry, exports in February reached US$ 9.5 billion, with an average rate of US$ 532.7 million per business day, up 14.4% from January but down 20% from the same period of last year.

Imports totaled US$ 7.8 billion, with an average of US$ 434.5 million per business day, down 11.5% from January and 30.9% from the amount registered in February 2008. The accumulated trade surplus in the first two months of 2009 dropped 26.3% from the same period in 2008, to US$ 1.2 billion, with an average of US$ 31.9 million per business day.

Both accumulated exports and imports also shrank in February, down 21.9% and 21.6% from the same period of last year, to 19.3 and 18.1 billion dollars respectively.

In 2008, Brazil was already experiencing a reduction in its trade surplus, mainly because of rising imports on strong domestic economic growth. Brazil's economy expanded by an estimated 5.6% in 2008, but growth this year is expected to reach only about 1.5%.

Brazil's foreign trade surplus narrowed significantly last year to 24.74 billion compared with the 40 billion of 2007.

According to Brazil's central bank weekly survey of expert opinion, released earlier Monday, the 2009 foreign trade surplus will reach just 13 billion US dollars.

The weekly survey tracks the opinions of 100 analysts and economists from banks and brokerages, reporting the average of their expectations.

Mercopress

Hits: 4394
Comments (1)Add Comment
Interesting
written by Ric, March 05, 2009
But these are not normal times. If you want to survive, don't fixate on what Brazil is doing or not doing. Look at the world. The world markets will determine the financial future of Brazil, not vice-versa. So if your success depends on finances, prices and markets, look at Asia, Europe, Nafta. And remember the old saw, nothing is ever confirmed until it is officially denied.

Unless you make your living making the wonderful, tax-exempt farinha d'agua, in which case the rest of the world doesn't make much difference.

When you paulistanos are out of money and food and running for cover and safety, people in the amazon will be heading for the roca (hossa). Not living large, but eating and surviving.
report abuse
vote down
vote up
Votes: +0

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.

  • Vigilante Groups in Brazil Trump Drug Gangs and Become Rio's New Authority


    Brazilian favela in Rio The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj).

  • Brazil Police Use Press Coverage as Green Light to Kill and Invade Houses in Rio


    Rio police in a favela A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17.  Three policemen died and another two were injured.  This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.