Trade between Brazil and Portuguese-speaking countries rise 80 pct between January and August

12 October 2006

Sao Paulo, Brazil, 11 Oct – Trade between Brazil and the other nations of the Community of Portuguese-speaking Countries (CPLP) rose 80.4 percent in the first eight months of the year, according to figures from Brazil’s Foreign Trade Ministry.

Between January and August 2006, Brazilian exports to Angola, Cape Verde, Guinea Bissau, Mozambique, Portugal, Sao Tome and Principe and East Timor and the acquisition of goods from these countries totaled US$2.021 billion, while in the first eight months of 2005 the total was US$1.220 million.

In the last three years Brazil has had a growing trade surplus with the CPLP countries. In the first eight months of 2004 Brazil’s surplus was US$785 million, and rose to US$836 million in the same period of last year.

From January to August of this year, the surplus was US$1.13 billion resulting from exports of US$1.575 billion and imports of US$445 million.

Within the Portuguese-speaking community Brazil’s biggest trade partner is Portugal to which Brazil sold over US$1 billion in 2006 and around US$660 million in the previous two years, in the January to August period.

This year Brazilian imports of Portuguese products totaled US$177 million between January and August, which represents a 25.2 percent rise against the same period of last year.

Angola was the country with the biggest increase in exports to Brazil. Angolan sales to Brazil grew 9,000-fold from US$30,000 (January to August 2005) to US$268 million in the first eight months of this year.

Guinea Bissau saw the greatest increase in Brazilian imports in percentage terms having tripled the US$417,000 in the first eight months of last year, to US$1.4 million in the same period of this year. (macauhub)