Trade between Brazil and Portuguese-speaking countries falls in January

28 February 2007

Sao Paulo, Brazil, 28 Feb – Trade between Brazil and other Portuguese-speaking countries totaled US$210 million in January 2007, against US$211 million in the same month of 2006, bringing and end to 12 months of growth, according to official figures.

The slight fall seen in January was due to reduced trade between Brazil and Portugal, which accounts for two thirds of total trade between Brazil and other Portuguese-speaking nation – Angola, Mozambique, Sao Tome and Principe, Cape Verde, Guinea Bissau, Portugal and East Timor.

In the period, trade between Portugal and Brazil totaled US$125 million, or a year on year fall of 17 percent.

Two products which had an important weighting in the trade relation between Portugal and Brazil – Brazilian oil and Portuguese copper ore – were not included in the January 2007 trade figures, which led to the drop in trade.

In January 2007 Brazil exported US$192 million to Portuguese-speaking countries, just 2 percent more than in the same month of 2006.

Brazilian imports from those countries fell 22 percent, from US$24 million to US$18 million. (macauhub)