Trade between Brazil and Portuguese-speaking countries rises 72 pct in 2006

24 January 2007

Sao Paulo, Brazil, 24 Jan – Trade between Brazil and the other seven Portuguese-speaking countries rose 72 percent year-on-year in 2006, to US$3.1 billion, according to figures from Brazil’s Development, Industry and Foreign Trade Ministry.

Brazilian exports to the group of countries made up of Angola, Cape Verde, Guinea Bissau, Mozambique, Portugal, Sao Tome and Principe, and East Timor rose 49 percent to US$2.3 billion.

Together, Portugal and Angola accounted for 96 percent of the Brazilian market amongst Portuguese-speaking nations. Portugal bought US$1.4 billion’s worth of products from Brazil and Angola bought US$836 million.

Mozambique followed, with US$35 million (1.5 percent of Brazil’s sales to Portuguese-speaking countries), Cape Verde, with US$28 million, and Guinea Bissau with US$3.7 million. Added together, Brazilian exports to Sao Tome and East Timor totaled US$922,000.

Brazil’s imports of products form the seven countries rose by 234 percent from US$232 million in 2005 to US$777 million last year.

Despite the significant rise, Brazil did not increase its acquisitions in all seven countries. The Brazilian market in 2006 absorbed more products from Angola, Guinea Bissau, East Timor and Portugal, but reduced its imports from Cape Verde, Mozambique and Sao Tome and Principe.

Last year Brazil began importing oil from Angola, which made the African country become the biggest supplier of products to Brazil amongst the Portuguese-speaking nations, overtaking Portugal in this position.

Angola sold US$464 million to Brazil in 2006, which accounted for almost 60 percent of Brazilian purchases amongst the Portuguese-speaking nations. Portugal, with US$312 million (40 percent), was the second-biggest supplier.

In a distant third place was Cape Verde, with sales of US$22,000 to Brazil. (macauhub)