Brazil: Trade with Portugal rises 20 percent in 2007

7 January 2008

Brasilia, Brazil, 7 Jan – Trade between Brazil and Portugal rose 20 percent last year against 2006 to US$2.137 billion, according to figures from Brazil’s Ministry for Development, Industry and Foreign Trade.

In the period, Brazilian exports to Portugal rose 22.3 percent to US$1.796 billion and Portuguese exports to Brazil also saw a rise (9.8 percent) to total US$340.991 million.

In December, Brazil sold the equivalent of US$172.492 to Portugal, whilst Portuguese exports to the Brazilian market totaled US$32.493 million.

The main products sold to Brazil last year were olive oil, salt cod, wine and lubricants.

In the list of Brazilian exports to Portugal, the highlight was oil, which accounted for 35.8 percent of the total or US$644 million.

Overall, Brazil’s balance of trade posted a surplus last year of US$40.039 billion,, as a result of total exports of US$160.649 billion and imports of US$120.61 billion. (macauhub)