Trade between Brazil and Portuguese-speaking countries falls for first time in five years

29 March 2007

Sao Paulo, Brazil, 29 March – Trade between Brazil and other Portuguese-speaking countries totaled fell in the first two months of 2007 year on year, this being the first time in the last five years that a fall has occurred, Brazil’s Foreign Trade Ministry said.

In January and February, trade between Brazil and its Portuguese-speaking partners totaled US$451.8 million, a fall of 4 percent against the first two months of last year (US$469.4 million), according to the ministry.

The last time trade fell in January and February between Brazil and the other members of the Community of Portuguese-speaking Countries (CPLP) was in 2002 when bilateral trade totaled US$113.5 million, against US$131.5 million in 2001.

In January and February trade with Portugal continued to account for 63 percent of total trade with the CPLP, and Angola accounted for 35 percent.

Together, Cape Verde, Guinea Bissau, Mozambique, Sao Tome and Principe and East Timor, traded a total of US$10.1 million with Brazil, which represented approximately 2 percent of Brazil-CPLP trade.

From Portugal Brazil imported over 500 categories of products, in a list led by olive oil, wines and salted cod-fish. The Brazilian market absorbed US$23 million in these three types of products in the first two months of the year, over half of all Portuguese exports to the country (US$42.7 million).

Brazilian exports to Portugal, which totaled US$242.8 million in January and February of this year, were led by crude oil, for which Portugal paid US$88.7 million.

From Angola, Brazil bought nafta for the petrochemical industry, to the value of US$13.4 million and cane and beet sugar led Angola’s purchases from Brazil in the two-month period, totaling US$13.8 million. (macauhub)