Bras\u00edlia \u2013 The Brazilian trade balance ran a US$ 579 million deficit in the third week of January. The figure was a result of US$ 3.206 billion in exports and US$ 3.785 billion in imports. The daily average export figure was US$ 641.2 million. Daily average imports stood at US$ 757 million. The trade balance has been running a deficit since the first week of the month.<\/p>\n
The figures were disclosed this Monday (23rd) by the Brazilian Ministry of Development, Industry and Foreign Trade. Month-to-date, the trade deficit is US$ 1.273 billion. During the three-week period, exports stood at US$ 10.540 billion and imports reached US$ 11.813 billion.<\/p>\n
In terms of exports, the daily average for the third week of January was 12.6% lower than in the preceding week. The decline is ascribed to the decrease in shipments of commodities (-21.1%), such as iron ore, petroleum, poultry, soybean and soy chaff. Total exports dropped from US$ 309.8 million to US$ 244.5 million.<\/p>\n
Sales of manufactured goods also dropped (-7.8%), from US$ 296.1 million to US$ 272.9 million. The decline was caused by lower exports of automobiles, fuel oils, plastic polymers, land levelling machinery and devices, aluminium oxides and hydroxides, and electric power.<\/p>\n
On the other hand, exports of semi-manufactured goods grew by 5.2%. Revenues stood at US$ 109.8 million in the third week of January, as against US$ 104.4 million in the preceding week. The increase was caused by increased sales of semi-manufactured iron and steel products, pulp, unprocessed aluminium, leather skins and hides, and molten iron.<\/p>\n
Exports dropped by 3% in the comparison between the first three weeks of January this year (US$ 702.7 million) and the same period in January 2011 (US$ 724.5 million).<\/p>\n
Imports dropped by 5.7% in the third week of the month, compared with the preceding week. The decline was mostly due to \u201cthe decline in spending on fuels and lubricants, electric-electronic equipment, automobiles and parts, organic and inorganic chemicals, and fertilizers,\u201d according to a statement issued by the ministry. The daily average import figure up until the third week of January, 2012 (US$ 787.5 million) was 11.6% higher than the average for the same period of last year (US$ 705.5 million).<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
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