Brazil’s imports from Lusophone countries up 68 pct in first four months

17 May 2007

Sao Paulo, Brazil, 17 May – Imports to Brazil from Portuguese-speaking countries increased by 68.4 percent from January to April 2007 in a year-on-year comparison, according to figures from the Brazilian Ministry of Foreign Trade.

In the first four months of this year, Brazil bought goods and services worth US$ 230 million from the Lusophone bloc, comprising Angola, Cape Verde, Guinea-Bissau, Mozambique, Portugal, Sao Tome, and East Timor, compared to US$ 136.5 million in the same period in 2006.

In return, Brazil’s exports to the Community of Portuguese Language Countries (CPLP) in the same period were valued at US$ 789 million, down from the US$ 815 million registered in the first four months of 2006.

In April, Brazil bought goods from only two of the other seven CPLP member states, Portugal and Angola, to a total value of US$ 55.8 million.

Brazil also sold US$ 182.5 million worth of goods to the rest of the CPLP in the same period, with the largest amount of business being with Portugal and Angola.

Brazil had a trading surplus of US$ 126.7 million in April alone and a total surplus of US$ 560 million for the first four months of 2007. (macauhub)