Brazil: Trade with Portuguese-speaking countries rises 28 pct in 2007

7 January 2008

Brasilia, Brazil, 7 Jan – Trade between Brazil and other members of the Community of Portuguese-speaking Countries (CPLP) rose 28 percent in 2007 to US$4.374 billion, according to figures from Brazil’s Ministry for Development Industry and Foreign Trade.

Last year, Brazil exported US$3.088 billion in goods to Angola, Cape Verde, Guinea Bissau, Mozambique, Portugal, Sao Tome and Principe and East Timor and imported goods totaling US$1.285 billion, leading to a trade surplus for Brazil of US$1.802 billion.

The two Portuguese-speaking countries trading most with Brazil were Angola (US$2.16 billion) and Portugal (US$2.137 billion), accounting for 98 percent of all trade between Brazil and the CPLP.

Trade between Brazil and Angola has seen a significant rise in the last few years, doubling in 2007 as compared with 2006 and rising four-fold in relation to 2005.

Exports to Angola last year totaled US$1.216 billion and imports, driven by oil, totaled US$944 million.

In third place on the list is Cape Verde (US$35.9 million), followed by Guinea Bissau (US$35.9 million), and to Sao Tome and Principe and East Timor, there were practically only Brazilian exports, to the value of US$2.146 million and US$195,800, respectively. (macauhub)