Angolan oil raises Brazil-CPLP trade by 37 pct in March

20 April 2007

Sao Paulo, Brazil, 20 April – Trade between Brazil and the remaining Portuguese-speaking countries rose 37 percent in March, against the same month of 2006, driven by Angolan oil, according to figures published by the Brazilian Foreign Trade Ministry.

Trade between Brazil and its partners from the Community of Portuguese-speaking Countries (CPLP) – Portugal, Cape Verde, Angola, Mozambique, Sao Tome and Principe, Guinea Bissau and East Timor – totaled US$328 million in March, a month in which Brazil imports saw strong rises.

While Brazilian exports, of US$210 million, posted a year on year fall of 3.9 percent, imports by Brazil from CPLP countries rose almost six-fold year on year, reaching US$118 million, with Angolan exports responsible for 70.4 percent of the total.

In March, Angola sold US$82.9 million in exports to Brazil, all of which was made up by fuel, mineral oil and mineral waxes.

In the first three months of the year, trade between Brazil and the remaining CPLP countries totaled US$780 million, a rise of 10.1 percent.

Exports from CPLP markets to Brazil totaled US$174 million (50 percent more than in the previous year), and Brazilian exports totaled US$606 million (just 2.4 percent more than in the first quarter of last year). (macauhub)