Brasília – The Brazilian balance of trade (exports minus imports) recorded a surplus of US$ 2.719 billion in June, a value 28.8% lower than recorded in the same month of 2007 (US$ 3.821 billion). Last month, exports totalled US$ 18.594 billion and imports, US$ 15.875 billion.
In the accumulated result for the year, trade surplus reached US$ 11.370 billion, with foreign sales at US$ 90.645 billion and imports at US$ 79.275 billion. In comparison with the same period of last year, the trade surplus decreased 44.74%.
The reason for the reduction in trade surplus is the growth of imports at a faster pace than exports. The cheaper dollar and the increased income of the Brazilians favour imports of products. Besides, companies important machinery and equipment in order to invest in production.
*Translated by Gabriel Pomerancblum
