Brazilian exports expected to increase 12 pct in 2010

30 December 2009

Rio de Janeiro, Brazil, 30 Dec – Brazilian exports are expected to total US$170.7 billion in 2010, which is growth of 12 percent against projections for the current year, according to Brazil’s Foreign Trade Association (AEB).

Imports are expected to total US$158.5 billion, which is a rise of 23.4 percent against this year.

Brazil is due to end 2009 with a balance of trade surplus of US$23.9 billion, which is expected to fall to US$12.2 billion in 2010.

According to the AEB Brazil’s foreign trade fell by around US$90 billion year on year in 2009. However, the AEB estimates that in 2010 trade may increase by US$48 billion. (macauhub)