Brazil’s trade with Portugal rises 82.8 pct in first four months of 2006

9 May 2006

Brasilia, Brazil, 09 May – Trade between Brazil and Portugal increased 82.8 percent year on year in the first four months of 2006 to US$620 million, officials said in Brasilia Monday.

The rise is mainly due to increased sales by Brazilian producers in Portugal, which almost doubled (98.4 percent) in relation to the same year-ago period, according to figures from Brazil’s Ministry of Development, Industry and External Trade.

Brazilian exports to Portugal totaled US$543.4 million from January to April against US$273.9 million in the same period of 2005.

Imports of Portuguese products totaled US$76.75 million, or an increase of 17.5 percent year on year.

The product that accounted for most of Portugal’s imports in April remained oil, representing 62.7 percent of Brazilian exports, followed by soy, iron laminates, sawed wood and beef. (macauhub)