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Montevideo, June 25th 2019 - 19:55 UTC

 

 

A good one for Brazil: trade surplus has reached US$15.8bn

Friday, December 18th 2015 - 07:44 UTC
Full article 3 comments
Exports reached US$181.647bn dollars and imports US$166.837bn in the eleven and a half months of 2015, with the surplus of US$15.8bn. Exports reached US$181.647bn dollars and imports US$166.837bn in the eleven and a half months of 2015, with the surplus of US$15.8bn.
This represents average exports of 766.4 million dollars, 14.6% below the 2014 average (US$897.1m) This represents average exports of 766.4 million dollars, 14.6% below the 2014 average (US$897.1m)
The lesser export figures are due to lower prices for commodities such as iron ore and soy, while imports declination is attributed to Real's sharp depreciation The lesser export figures are due to lower prices for commodities such as iron ore and soy, while imports declination is attributed to Real's sharp depreciation

Brazil accumulated a trade surplus of US$15.8 billion between January and the second week of December, its biggest for that period since posting a US$17.15 billion trade surplus for the first 11 months of 2012, according to Development, Industry and Foreign Trade Ministry figures.

 The result contrasts sharply with the US$4.35 billion trade deficit Brazil posted for January-November 2014.

Exports reached US$181.647bn dollars and imports US$166.837bn in the eleven and a half months of 2015, with the surplus of US$15.8bn. This represents average exports of 766.4 million dollars, 14.6% below the 2014 average (US$897.1m)

Imports were also below last year's average with a daily sum of US$699.7m dollars, or 23.3% (US$911.9m). Overall trade reaches US$347.485bn, with a daily turnover of US$ 1.466m, which is 19% below the 2014 average of US$ 1.809m.

The lesser export figures are due to lower prices for commodities such as iron ore, while imports declination is attributed to Real's sharp depreciation against the dollar this year and a recession-triggered drop in demand for foreign products.

Brazil's economy fell deeper into recession in the third quarter, with government figures released showing Latin America's largest economy shrank a whopping 4.5% compared to the same three-month period of 2014.

Brazil posted a trade surplus of US$1.20 billion in November, compared with a trade deficit of US$2.35 billion in the same month of 2014.

The trade surplus of US$ 15.8 billion compares favorably with a trade deficit of US$3.96 billion in 2014, the biggest shortfall on its trade balance since 1998.

Categories: Economy, Brazil.

Top Comments

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  • Brasileiro

    The Brazil will have a trade surplus of 40 billion dollars in 2016. Some analysts are even more optimistic predicting $ 60 billion in surplus, especially given the self sufficiency in oil. With the exchange of this money for real at the Central Bank we believe that there may be a appreciaton of the Real.

    It is necessary to lower the basic interest rate (SELIC) for the government's fiscal budget is not jeopardized, it will be necessary to save the actual spending on debt service and direct these same real for the purchase of foreign currency that will come along with exports.

    If the SELIC rate not lower the Brazil continues to face the same exchange imbalances.

    The time for a new economic and exchange rate policy is now. Brazil needs managers who anticipate the problems. Change the rules in the eye of the hurricane will bring us only losses and mistrust.

    Hannibal the Carthaginian did not know what to do with the victory. We Brazilians are like Hannibal?

    Dec 18th, 2015 - 09:36 am 0
  • yankeeboy

    Good news for the people who are xfering their U$ out of the country.
    Watch the reserves plummet when they try to support the Rial.

    They're in a terrible spot between supporting the currency and/or letting inflation get out of control.
    My bet is they will try to devalue their way to prosperity.
    Hopefully it won't happen but they've got to get the Marxist Terrorists out of there immediately..

    Dec 18th, 2015 - 01:45 pm 0
  • Brasileiro

    Brazil has to sell all of its reserves in dollars! If you know someone who can buy our 376 billion dollars that are deposited in the FED you tell us.

    1.5 trillion reais would be enough to solve all our debt problems for 30 years.

    In addition the government would have a nominal surplus of 100 billion dollars a year.

    The problem is that I think the United States has not sucient money to buy our reserves.

    Dec 18th, 2015 - 02:14 pm 0
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