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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... [read full story]
