52823
Brazil Shows Huge Trade Surplus
Brazil Shows Huge Trade Surplus

Brazil Shows Huge Trade Surplus

Brazil Shows Huge Trade Surplus

In figures released from January to October of this year, Brazil registered a $38.5 billion trade surplus.
According to Brazil’s Ministerio da Industria, Comercio Exterior e Servicos (Ministry of Industry, Foreign Trade and Services), the figure represents the largest trade surplus the country has ever recorded for the period and is more than three times larger the 2015 surplus for the same period, NewsNow reported.
The record-breaking trade surplus came amidst drops in both exports and imports compared to 2015. In the ten-month period, Brazil’s exports totaled $153 billion, 5.1% lower than last year’s number. The country’s imports from January to October 2016 totaled $114.6, also down 23.1% from 2015.
According to government reports for 2016, released on Tuesday, Brazil expects to see a trade surplus in the $45 to $50 billion range. This amounts to more than double last year’s figure and could represent the largest annual trade surplus the country has ever seen. Brazil’s current highest annual trade surplus was seen in 2006, when the country registered a surplus of $46.4 billion.
For the month of October alone, Brazil registered $13.7 billion in exports, representing a 10.2% drop from October 2015. Brazilian imports for the month were $11.4 billion, also down 15% from last October. The resulting $2.3 billion trade surplus for the month is the largest seen for an October since 2011.
However, the October 2016 trade surplus is lower than September’s recorded surplus of $3.8 billion, representing a fall of 8.8%.

 

Short URL : https://goo.gl/ql3Zlp
  1. https://goo.gl/2d3CZc
  • https://goo.gl/xJ1UMB
  • https://goo.gl/XvithK
  • https://goo.gl/adCXSx
  • https://goo.gl/CYo2ac

You can also read ...

WB Predicts Myanmar Growth at 6.7 Percent
Given the government’s efforts to accelerate reforms and to...
Economists say the rise in rates would be much steeper if markets believed that Italy was actually prepared to go through with the plans. So far (the market reaction) has been clear, but not extreme.
The European Union's budget commissioner says he hopes Italy's...
Poland to Become Less Dependent  on EU Funds
The Polish economy will become less and less dependent on the...
New export orders in European manufacturing PMIs have been slipping for months and are likely to fall further in May.
While the on-again, off-again threat of an all-in trade war...
South Korea has ranked 5th with 1.1% expansion.
South Korea’s economic growth rate ranked fifth among members...
Qatar Bans Goods From S. Arabia, UAE, Bahrain, Egypt
Qatar is stripping shop shelves of goods that come from rival...
Talent Deficit May Hit Major APEC Economies
Asia Pacific faces an imminent labor shortage of 12.3 million...
N. Korea Not Seeking US Aid
North Korea on Sunday fumed at US reports that the country is...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus