Sao Paulo, Brazil, 29 Nov – Brazilian exports to Portuguese-speaking African countries rose 59.6 percent in the first ten months of this year, against the same period of 2005, according to figures published by the Brazilian Foreign Trade Ministry.
“Brazil has adopted, especially over the last two years, a policy of expansion to find new markets, such as in Africa,” economist Guilherme Loureiro from Brazilian consultancy, Tendencias noted in an interview with Macauhub.
Brazil’s sales to the five Portuguese-speaking African nations (Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, and Sao Tome and Principe) totaled US$695.3 million from January to October this year – against US$436 million in the same period of last year.
The rise in Brazilian exports to Portuguese-speaking African nations, Loureiro said, was not due to a concerted national policy, but rather to occasional private negotiations, in which some companies
The greatest destination for Brazilian exports was Angola, which imported US$642.3 million from January to October – or 92 percent of Brazil’s total exports to Portuguese-speaking Africa. In relation to last year, Brazilian sales to the Angolan market registered growth of 64.7 percent.
The second largest buyer of Brazilian goods in Portuguese-speaking Africa was Mozambique. In the first ten months of the year, the country imported US$26.2 million – an increase of 8.5 percent.
Cape Verde followed by acquiring US$23 million in Brazilian goods, or 15 percent more than in the same period of 2005.
In percentage terms, exports to Guinea Bissau saw the greatest increase: 236 percent, with Brazilian sales rising from US$940,000 to US$3.16 million.
In the same period Brazil imported US$341.879 million’s worth of goods from the five countries – a significant increase from the US$206,000 in the same period of 2005.
Angolan oil was the main reason for that increase. Angola was responsible for 99.9 percent of sales by Portuguese-speaking Africa to Brazil, with sales of US$341.86 million. Mozambique was the second-largest seller with US$15,000.
Brazil also imported from Guinea Bissau (US$1,440) and Cape Verde (US$822). (macauhub)