Trade between Brazil and Portugal rises 52.9 percent to US$1.389 billion by September

11 October 2006

Brasilia, Brazil, 11 Oct – Trade between Brazil and Portugal rose by 52.9 percent year on year in the first nine months of the year to US$1.389 billion, according to official figures.

A source from the Ministry of Development, Industry and Foreign Trade (MDIC) told Portuguese news agency Lusa that from January to September, exports of Portuguese products to Brazil rose 28.2 percent against the same 2005 period, totaling US$204.448 million.

In September alone, Brazil bought US$27.111 million in products and services from Portugal.

Sales by Brazil to Portugal in the same period increased by 58.2 percent to US$1.184 billion.

Last month Brazilian exports to the Portuguese market totaled US$116.263 million.

Oil continued to be the biggest export by Brazil to Portugal, followed by iron and steel laminates, wood, beef and soy.

In terms of imports the main products were lubricants, olive oil, wine and dried cod fish.

According to the MDIC, from January to September Brazil had a trade surplus of US$34 billion. (macauhub)