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Brazil's Trade Surplus Reaches US$ 15 Billion, 19% More than Last Year PDF Print E-mail
2009 - July 2009
Written by Kelly Oliveira   
Monday, 13 July 2009 20:54

Sugar plant According to information from the Brazilian Ministry of Development, Industry and Foreign Trade, Brazil ran a trade surplus of US$ 639 million in the second week of this month. During the week, exports totaled US$ 2.719 billion and imports, US$ 2.08 billion.

So far this month, the trade surplus is US$ 1.257 billion, with exports of US$ 4.749 billion and imports of US$ 3.492 billion.

From January until the second week of July this year, the trade surplus is US$ 15.244 billion, a figure 18.8% higher than recorded in the same period of 2008 (US$ 12.831 billion).

In the accumulated result up until last week, exports totaled US$ 74.701 billion and imports, US$ 59.457 billion.

Agribusiness Exports

Foreign sales of soy and its products, sugar and alcohol, and tobacco and its products boosted Brazilian exports in June. There was growth of 54% in shipments of tobacco and its products, of 48.9% in soy products and of 21.6% in sugar and alcohol products.

Overall exports grew 12% over the same period of last year, having totaled US$ 7.3 billion, with a surplus of US$ 6.6 billion.

Exports of soy and its products grew mostly as a result of shipments of soybean and chaff. Exports of soybean grew 71.3% in June over the same month of last year, from US$ 1.5 billion to US$ 2.577 billion.

In terms of volume, there was growth of 74.2%, with prices 1.7% lower than in 2008. Shipments of soy chaff grew 11.1% volume-wise, with an average price 8.4% higher. Thus, the export value grew more than the shipped volume, with an increase of 20.4%.

Exports of sugar and alcohol went from US$ 703 million to US$ 855 million, as a result of a 39.7% rise in sugar exports in June compared with the same month of 2008. Revenues from sugar sales totaled US$ 706 million.

Foreign sales of alcohol dropped by 24.5% in terms of value, having totaled US$ 150 million. In the last twelve months, Brazilian agribusiness exports totaled US$ 69.4 billion.

There was a reduction in imports of agribusiness products in June. They went from US$ 950 million to US$ 721 million, reduction of 24.1%. However, imports of certain products, such as wheat, have increased.

The imported volume grew 34%, but an average cost reduction of 43.7% led Brazil to spend less on purchases of the product: US$ 108 million as against US$ 143 million in the same period of last year.

ABr

Comments (1)Add Comment
Furthermore.....
written by ch.c., July 14, 2009
looking at your July 11 article
"From January until July 8th this year, the flow of exchange also ran a surplus, of US$ 1.993 billion, as against US$ 14.210 billion in the same period of 2008. In the accumulated result for 2009, up until June 8th, the flow of finance recorded a US$ 10.038 billion deficit and the flow of trade ran a US$ 12,032 billion surplus."

NOT THAT GREAT AT ALL ....OVERALL !


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