Portuguese-speaking countries triple sales to Brazil in first five months of 2007

20 June 2007

Sao Paulo, Brazil, 20 June – Portuguese-speaking countries exported a total of US$469 million in goods to Brazil between January and May of this year, or three-fold the amount of exports in the same period of 2006, according to figures from Brazil’s Foreign Trade Ministry.

In May alone, Brazilian purchases of products from Portuguese-speaking countries reached US$239 million, a record month, led by Angolan oil, a product which accounted for 87 percent of the total.

The strong rise in sales of Brazil’s partners from the Community of Portuguese-speaking Countries (CPLP) – Portugal, Cape Verde, Angola, Mozambique, Sao Tome and Principe, Guinea Bissau and East Timor – contributed to an improved balance of trade with Brazil.

The Brazilian trade surplus, which between January and May of last year was US$852 million, fell to US$565 million in the same period of 2007. In May the Brazilian surplus was US$6.1 million, against US$173 million in the same 2006 period.

As well as an increase in Brazilian purchases, the balance of trade was improved by Brazil’s exports to Portuguese-speaking countries being practically unchanged. In the first five months of 2007, Brazilian sales to other CPLP countries saw a slight increase of 2 percent.

Between January and May, Brazil exported US$1.034 billion in goods to other Portuguese-speaking countries, and in May Brazilian exports to those same trading partners totaled US$245.4 million. (macauhub)