Brazil maintained trade surplus with Portugal in 2005

12 January 2006

Brasilia, Brazil, 12 Jan – Brazil’s trade surplus with Portugal registered a slight increase last year to reach a value of US$ 787 million compared to US$ 771 in 2004, it was announced Thursday.

Figures from Brazil’s Ministry of Development, Industry and Foreign Trade show that sales to Portugal in 2005 were worth US$ 1.01 billion, a year-on-year increase of 5.5 percent.

Corresponding Portuguese exports to Brazil last year were valued at US$ 227 million, up 19.3 percent in an annual comparison.

Brazil’s primary exports to Portugal were soya beans, steel plate products, timber, olive oil and wine.

Brazil’s exports to its former colonial ruler represent 0.86 percent of the Latin American nation’s total foreign sales. Imports from Portugal amounted to 0.3 percent of Brazil’s total foreign purchases. (macauhub)