Brazil posts smallest annual trade surplus since 2002; sales to Argentina drop 20.7%

Thursday, January 3rd 2013 - 15:41 UTC

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Brazil posted its smallest annual trade surplus in a decade last year as a sluggish global economy curbed demand for its products despite government efforts to boost exports. Brazil's trade surplus fell 35% to 19.44 billion dollars from the prior year, the weakest performance since 2002, Trade Ministry data showed on Wednesday. Read full article

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Ayayay
2002, that was an interesting year down there, right?
Jan 04th, 2013 - 07:21 am - Link - Report abuse 0
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ChrisR
This is what happens when you cushion your exporters from the real world: uncompetitive, poor quality (apart from VW cars) and an expectation that the government (meaning the tax payers) will bail them out.

If, with the number of people they have they cannot compete on an international basis (being a third world country after all) then someone needs his culo kicking: step forward Mantega.
Jan 04th, 2013 - 08:48 pm - Link - Report abuse 0
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