Super Real and imports surge behind Brazil’s smallest trade surplus in eight years

Thursday, January 6th 2011 - 11:00 UTC

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Brazil’s trade surplus fell 19.8% in 2010 to 20.28 billion USD, the smallest in eight years. Exports grew 31.4% to 201.9 billion, a new record, but imports surged 41.6% to 181.64 billion, the Ministry of Development, Industry and Commerce said this week. Read full article

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Jefferson Michaelis
108% increase against the dollar. I remember when Lula was elected $1 dollar = R$3.68 reais......few months ago, I was temporarily transferred to Brazil. What I’m seeing here is amazing…..the Brazilian economy is booming, internal consumption is going through the roof, foreign companies arriving here every day. There are still lots of challenges in Brazil (red tape is huge), but the ROI can be huge....
Jan 07th, 2011 - 02:50 pm - Link - Report abuse 0
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GeoffWard
Yes, Jeff, if Dilma can erradicate RedTape her presidency will prove to be all the Braslian people hope for.
Jan 10th, 2011 - 10:08 pm - Link - Report abuse 0
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Jefferson Michaelis
Yeap, true. Most people I”m talking to in Brazil, have high expectations about this matter. By the way, a reliable source disclosed this morning that the Central Bank (very soon) will be announcing other measures (hoping) to keep the dollar at R$1.72-1.75 level...let's see it.
Jan 13th, 2011 - 04:25 pm - Link - Report abuse 0
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