Trade between Portugal and Brazil at lowest level of last four years

18 November 2009

Brasilia, Brazil, 18 Nov – Trade between Portugal and Brazil totalled US$1.2 billion between January and September, according to figures from the Brazilian Ministry for Development, Industry and Foreign Trade.

Calculations made by website Portugal Digital showed that trade between the two countries was at the lowest level of the last four years with a monthly value between January and September of US$135.4 million, which is significantly lower than the average of US$192 million for 2008.

In 2007 the average monthly trade was US$178.8 million and in 2006 the monthly average was US$148.4 million.

Official figures showed that the slowing of trade between Brazil and Portugal in 2009 was mainly due to Brazil, as the average monthly Brazilian exports to Portugal in 2009 is so far US$107.2 million, a figure less than the monthly averages for 2008, 2007 and 2006.

Portugal, in its turn, in 2009 has seen average monthly exports to Brazil of US$28.2 million, which is significantly lower than the figure of US$49.9 million for 2008, but almost the same as the US$28.4 million for 2007.

Thus Brazilian sales to Portugal are facing their worst performance of the last four years and Portuguese exports to Brazil are at the lowest level of the last three years. (macauhub)

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