Portuguese exports to Brazil a record US$999 million in 2012

11 January 2013

Portuguese products worth US$999 million were exported to Brazil in 2012, for year-on-year growth of 19.5 percent, indicate figures from Brazil’s Ministry of Development, Industry and Trade.

In December Portuguese exports to the Brazilian market again passed the US$100 million mark, standing at US$101.2 million, slightly below the US$103 million recorded in December 2011.

Portuguese exports to Brazil have tended to increase and were only interrupted by a downturn in 2009. In the last decade Portugal’s sales to Brazil have risen six-fold – in 2002 the figure was just US$169 million.

But the growth achieved in 2012 did not prevent repetition of a trade deficit for Portugal. Brazilian sales to Portugal totalled US$1.62 billion, leaving Brazil with a surplus of US$625 million.

The Portuguese product most exported to Brazil throughout 2012 was olive oil (about 19 percent of the total), followed by salt-cod (7.7 percent), fuels (7.2 percent), pears and wine (both with over 3 percent). (macauhub)