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Brazil closes first quarter with the worst trade balance result since 1994

Wednesday, April 2nd 2014 - 07:56 UTC
Full article 15 comments

The Brazilian trade balance posted a 112 million surplus in March with exports totaling 17.628 billion dollars and imports, 17.516 billion. It has been the worst result for March since 2001, when a 276.1 million deficit was recorded while the combined deficit for the first quarter of the year, 6.1bn dollars, is the worst result since records started being kept, in 1994. Read full article

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  • Brasileiro

    If this site is English, why are there so many Brazilian Advertising?

    Apr 02nd, 2014 - 11:31 am - Link - Report abuse 0
  • Captain Poppy

    It's called tracking cookies

    Apr 02nd, 2014 - 12:06 pm - Link - Report abuse 0
  • Brasileiro

    thank you

    Apr 02nd, 2014 - 07:42 pm - Link - Report abuse 0
  • ChrisR

    Now you’ve started something! We will be having Brasso going on about he doesn’t want any cookies from America.

    More prosaically, they missed the negative result by just 14% YoY if we believe the figures. Down by 86%, I thoght these numbers were going to rise according to The Liar Mantega?

    It’s all going swimmingly then.

    Roll on the WC! That’ll REALLY show some negative results, I bet.

    Apr 02nd, 2014 - 07:51 pm - Link - Report abuse 0
  • Brasileiro

    CryingR

    Speculators are returning to attack the BOVESPA.

    It is better Mantega quickly impose restrictions on entry of this unproductive money.

    Apr 02nd, 2014 - 08:26 pm - Link - Report abuse 0
  • ChrisR

    @5 Brasso
    “The decline in exports as against last year was mostly due to lower sales of semi-manufactured goods (-19.6%) and manufactured goods (-15.3%).”

    Do you remember when you first came on here and asked for help and I posted you Economics 101 (or the guts of it anyway)?

    Now look at the item in the speech marks and ask yourself a question WHY are your exports 86% down from last year?

    Possible (but likely) reasons are:
    1) Your unions hold over the country stifles businesses from starting, and who can blame them?

    2) By all accounts your “workforce” don’t, work that is.

    3) Your government at all levels of business activity take a “skim” off the top for themselves.

    4) Generally, unless designed by International Businesses and made / assembled under the closest supervision the quality is just not up to western, Japanese, Taiwanese and S. Korean offerings and better prices.

    Now pull your chest in, take out the little ”Brazil is the best in the world Demon” that lurks there, don’t start with the military videos again and think about it.

    In essence, without International businesses investing in your country you are fucked.

    Simples!

    Apr 02nd, 2014 - 10:02 pm - Link - Report abuse 0
  • Brasileiro

    Foreign companies that invest in our production are always welcome. But the relationship is two-way. They come to make money with our market too. Many foreign companies have managed to overcome the crisis of 2008 supported by the strong Brazilian consumption. Furthermore, there is potential for sales growth in Brazil and South America that is no longer visible in Europe, for example.

    Therefore, companies that do not invest in South America are at serious risk of losing marketshare worldwide and allow the rise of competition, or worse, they can be swallowed by competitors.

    There are millions of companies around the world in search of markets and there are very few markets like Brazil.

    Speculative capital begins to flood our BOVESPA may artificially enhance our currency and harm our economy. Therefore we must impose limits to prevent excessive volatility.

    In essence, the companies of the world would be much worse if there were no Brazilian market.

    Simples!

    Apr 02nd, 2014 - 11:22 pm - Link - Report abuse 0
  • Tik Tok

    Brasileiro, thank you for putting forward a reasonable argument. My view though is that Brazil has lost its shine, economic factors suggest that there is more money to be made elsewhere presently, correction coming and needed in Brazil! Therefore I believe the companies of the world will pass on Brazil for the moment.

    Apr 03rd, 2014 - 03:40 am - Link - Report abuse 0
  • Brasileiro

    2011, 2012, 2013 and Jan / Feb / Mar / 2014....At that time Brazil beat all records for attracting FDI. The Brazil only lost its luster for speculation on the stock market .... as it should be.

    The problem is that England survives with their financial market.
    The problem is your view of the world corrupted by greed of speculation. A place that produces very little and lives as if the tax haven of the planet.

    We want to remain lackluster for hedge funds, equities, etc..

    Apr 03rd, 2014 - 10:31 am - Link - Report abuse 0
  • ChrisR

    @ 7 & 9 Brasso

    Well if you believe the numbers so far, how do you explain the EIGHTY SIX PERCENT (86%) DROP in the margin?

    Simple question, let’s see what you come up with this time.

    Love, crying with laughing ChrisR.

    Apr 03rd, 2014 - 12:45 pm - Link - Report abuse 0
  • yankeeboy

    Looks like Brazil is heading into recession.
    My bet is they'll devalue and raise interest rates and be right behind Argentina on the road back to the 90s.
    Silly Marxist monkeys.

    Apr 03rd, 2014 - 01:04 pm - Link - Report abuse 0
  • Brasileiro

    10 ChrisR

    Brazil has surpluses for 12 consecutive years. Do not be concerned with the decline of 86%. Study the list of Brazilian imports and you will be “tranquilo”. Oil imports represent 80% of the decrease of the surplus (you forgot that we are in a drought strong and thermoelectric are in full operation?) Thermoelectrics are fueled by oil!

    The other 20% represent the import of capital goods that are necessary to give continuity to our plans to improve infrastructure and changing profile of our economy.

    I have already said that to you!

    Apr 03rd, 2014 - 08:11 pm - Link - Report abuse 0
  • ChrisR

    @ 12 Brasso

    So all you have to be careful about is that oil imports don’t grow anymore AND that capital goods don’t go the same way, other than that you will be fine.

    EXCEPT (it’s like a but really, and there’s always a but):

    The legal statement in all investment documents in Britain goes something like this “Past performance is no indicator of future performance and should not be relied upon”

    I suspect, in fact I would put cash money on this, Brazil is about to find out the hard way.

    Apr 03rd, 2014 - 09:39 pm - Link - Report abuse 0
  • Brasileiro

    Sorry for you, ChrisR.

    Apr 03rd, 2014 - 10:34 pm - Link - Report abuse 0
  • yankeeboy

    What I could never get into the think heads of the Rgs on this board, and it goes the same for Brazilians. There have been no fundamental changes made to their economic management over the last decade.
    They are bound to go back into the helter skelter days of the 90s/80/70s 60s and go right back into a crisis.
    The difference is this time they have some reserves to cover up the downturn so it may not be as abrupt as other decades.

    Apr 04th, 2014 - 03:15 pm - Link - Report abuse 0

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