Portuguese exports to Brazil rise 29.7 percent by July, but imports from Brazil are up 62.5 percent

7 August 2006

Brasilia, Brazil, 07 Aug – Portugal’s exports to Brazil rose 29.7 percent by July, compared to the same period in 2005, a Brazilian official source told Portuguese news agency Lusa Friday.

Sales of Portuguese products to Brazil totaled US$158.045 million, versus US$121.786 million recorded in the same period of the previous year, the source from the Brazilian Ministry of Development, Industry and Foreign Trade said.

Brazilian exports to Portugal increased by 62.5 percent to US$893.623 million, compared to the first seven months of 2005 (US$549.932 million).

Sales of Brazilian products to Portugal totaled US$163.930 million in July, versus imports of US$20.855 million.

Oil continues to top the list of Brazilian products traded with Portugal in July, accounting for 71 percent of all exports, followed by soy, sugar, zinc and flat-rolled iron and steel products.

The main Portuguese products bought by Brazil were lubricating oils without additives, olive oil, wine, salt cod and acrylic cables.

Brazil’s accumulated trade surplus in the first seven months of the year stood at US$25.170 million, with exports of US$74.522 million and imports of US$49.352 million. (macauhub)