Brazil’s trade balance negative in January

2 February 2010

Brasilia, Brazil, 2 Feb – Brazil recorded in January a negative trade balance of US$166 million, compared to the also negative balance of US$529 million in January 2009, the country’s Ministry of Development, Industry and External Trade has indicated.

According to figures released on Monday, Brazilian exports stood at US$11.3 billion, 21.3 percent more than in January 2009 in terms of daily average, while imports reached US$11.4 billion, up 16.8 percent year-on-year.

Exports of basic products totalled US$4 billion, a record figure for months of January, mainly due to crude oil (+228.1 percent), followed by iron ore (+118.5 percent), beef (+50.2 percent), pork (+30.4 percent), coffee beans (+20.6 percent) and chicken meat (+3.9 percent).

Consumer goods imports were up 37.2 percent, mainly due to automobiles, domestic machines and appliances, furniture, toiletries, apparel and pharmaceutical products.

Exports of Brazilian products to Argentina grew by 58.9 percent in January, while to Mercosul they were up 61.6 percent. (macauhub)