Arab Today, arab today brazil\s 2011 trade surplus highest in four years
Last Updated : GMT 02:31:10
Arab Today, arab today
Arab Today, arab today

Brazil\'s 2011 trade surplus highest in four years

Arab Today, arab today

Arab Today, arab today Brazil\'s 2011 trade surplus highest in four years

Brasilia - AFP

Brazil\'s 2011 trade surplus soared 47.8 percent to nearly $30 billion, compared with the previous year, the highest since 2007, with record exports and imports, official data showed Monday. Last year, exports of goods rose 26.8 percent to $256 billion dollars while imports went up by 25.7 percent to $226 billion, the foreign trade ministry said. \"Brazil has never exported or imported so much. This is a sign of the dynamism of our foreign trade,\" said Tatiana Prazeres, a spokeswoman for the ministry. The trade balance reached $482.2 billion, 25.7 percent more than between January and December 2010. \"This gives us a surplus of $29.7 billion, the highest since 2007,\" when it totaled $40 billion, said the ministry\'s executive secretary Alessando Teixeira. Brazil, which last month supplanted Britain as the world\'s sixth largest economy, had its best year in exports largely due to high prices and strong demand for its key commodities such as soybeans and iron ore. China was the main destination for Brazilian exports, followed by the United States and Argentina, officials said. Imports also rose significantly although at a slightly lower pace in percentage terms than exports. Brazilian imports increased in all areas, from raw material and fuel to consumers goods and capital, with the United States, China, Argentina and Germany as main suppliers. Though the government hopes to post a positive trade balance this year, it has not set any target due to the global uncertainty. \"Our expectation is that in 2012 we will have an increase (in activity) and a surplus, but we cannot yet set a target,\" said Teixeira. Authorities pointed to the government\'s export incentives and the rise of the dollar in relation to the real, the national currency which had appreciated in recent years, affecting the competitiveness of exports. But Teixeira also underscored \"negative factors\' which could hurt trade such stagnation in the eurozone, slow growth in the United States and the lower performance of the Chinese economy. \"We also expect higher international competition for Brazilian products and a resumption of the \"currency war\", referring to possible currency manipulations by developed countries,\" he added. The international uncertainty is reflected in contrasting export forecasts by analysts and authorities. The Central Bank expects a 4.3 percent increase in exports this year, while private banks forecasts range from a seven percent fall to a five percent increase. \"Imports should grow at a stronger pace than exports,\" said the National Council of Industries in a recent report.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil\s 2011 trade surplus highest in four years Arab Today, arab today brazil\s 2011 trade surplus highest in four years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil\s 2011 trade surplus highest in four years Arab Today, arab today brazil\s 2011 trade surplus highest in four years

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday