MercoPress. South Atlantic News Agency
Brazil posts trade surplus in February, as imports plummet with a weak Real
Brazil posted a $3.04 billion trade surplus in February, the Trade Ministry said on Tuesday. Brazil exported $13.3 billion last month and had imports of $10.3 billion.Analysts are expecting a $40 billion trade surplus for 2016, according to a central bank survey released Monday. Read full article
Comments
Disclaimer & comment rulesWhew those numbers are frightening.
Mar 02nd, 2016 - 11:22 pm - Link - Report abuse 0Glug glug glug
Why?
Mar 03rd, 2016 - 03:56 am - Link - Report abuse 0A weaker currency promotes exports and makes imports expensive. It is the benefit of a weaker currency.
It can, not saying it will in Brazil's case, potentially lead to import substitution and the creation of new export markets.
It is not all rosy news out of IS and the opposite in every other country, no matter how narrow-minded and deluded you are.
May be by 2'016-End, the export-figures can improve further when US$ reaches R$ 5 or higher.
Mar 03rd, 2016 - 10:54 am - Link - Report abuse 02. You're a simpleton, a small depreciation may work in the short term IF you don't import assembly parts for your mfg, Brazil imports almost everything for their mfg base.
Mar 03rd, 2016 - 11:10 am - Link - Report abuse 0Depreciating Rial at this point will only drive up inflation its already at 11%
Much more and they'll never get it down
They'll be in a wage spiral they'll never get out of
Exports will never improve, they were already at the top before their market crashed. Now they can't afford to maintain or grow it.
Do either of you read current news other than here?
In any case;
Mar 03rd, 2016 - 11:34 am - Link - Report abuse 0#1: No one can stop The Exchange-Rate from skyrocketing
#2: Historically, Brazil is used to hyperinflation
The gov't before Lula stopped it and put the country on the path to prosperity. This current gov't has taken all the gains and flushed them down the toilet.
Mar 03rd, 2016 - 11:44 am - Link - Report abuse 0Be ready for:
Mar 03rd, 2016 - 01:02 pm - Link - Report abuse 0#1- R$ heading for US$ = R$ 6 in 2'017
And; any ANY moment:
#2- Declaration of some sort of “Emergency”
#3- “Collor-Style” Theft [golpe]
Lots of people calling for The IMF to step in.
Mar 03rd, 2016 - 01:05 pm - Link - Report abuse 0They don't think the current gov't has the will to stop this mess before its too late
its already too late
It was already too late when the govt. first admitted - officially - that the economy is in crisis - since 2'015!
Mar 03rd, 2016 - 02:22 pm - Link - Report abuse 0It's time for Brazil to legalize corruption!
If not; the cases of scandals and the crisis originating from the corruptions will be never-ending; which holds the country at-halt and at ransom.
After all; the laws are made by the corrupt & the crooks; to protect their own interests! So officializing corruption is just around the corner!
Secondly, the corrupt will ultimately escape scot-free due the “insufficient evidence”.
I'm sure that a vast majority has already noticed that each one of the govt. owned Projects [so called “assets”] in reality are nothing but “liabilities” which are specifically created to increase the illegal-wealth of the corrupt at both the ends.
Who is calling for the IMF to step in? A think tank? You just conflate everything overseas and minimise everything at home. So simple.
Mar 03rd, 2016 - 08:53 pm - Link - Report abuse 0Too late for what? A deep recession? It's already happening. Indeed, didn't the US just have one? Why didn't a US recession destroyed everything? Why didn't the weak US dollar last forever?
Amazingly the US can survive recessions buy they'll absolutely destroy everyone else. So simple.
The market is setting the exchange rate.... isn't that supposed to happen? Fighting the market doesn't win.
I spoke about import substitution you jumped straight to manufacturing.
Yankeeboy, you keep twisting parts of a story to suit your 'predictions'. And other than the ones we can all see like corruption going deeper and Brazil having a recession, you don't actually predict anything that then actually happens.
Here's my predictions:
• there will be more corruption found
• Brazil's recession will eventually end
• the Real will eventually reverse and stregthen
• the EU will sign a trade deal with Mercosur
• Dilma's presidency will end.
Wow this prediction stuff is really easy.... see why it appeals to a moron like you. It took the simple election of a new president in Argentina to destroy the vast majority of your 'predictions' for that country.
Recovery Eludes Brazil Economy After Biggest Dive in 25 Years:
Mar 03rd, 2016 - 09:07 pm - Link - Report abuse 0www.bloomberg.com/news/articles/2016-03-03/brazil-s-economy-shrinks-less-than-forecast-in-fourth-quarter
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