BRAZIL

BRAZIL BALANCE OF TRADE Brazil recorded a trade surplus of 1226 USD Million in August of 2013. Balance of Trade in Brazil is reported by the Ministrio do Desenvolvimento, Indstria e Comrcio Exterior. Brazil Balance of Trade averaged 658.30 USD Million from 1959 until 2013, reaching an all time high of 5659.37 USD Million in July of 2006 and a record low of -4039.32 USD Million in January of 2013. Brazil runs regular trades surpluses primarily due to the export of mining and agricultural products. Brazil is the worlds largest exporter of soybean and orange juice. Main exports are: iron ore and concentrates (13 percent), oil (8 percent) and raw sugar (4 percent). Main imports are: raw materials and intermediate goods (45 percent of total exports), capital goods (22 percent), consumption durables (10 percent), oil (6 percent) and motor vehicles (4 percent). Main trading partners are: China (17 percent of exports and 15 percent of imports) and United States (11 percent of exports and 14.6 percent of imports). Others include: Argentina, Germany, Netherlands and India. This page contains - Brazil Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil
Major exports: Major imports:

is ranked

52 with an ECI of 0,229891.

Iron ores and concentrates (15%), Petroleum oils, crude (8%), Raw sugar, cane (6%), Soya beans (5%), Poultry (3%) Cars (6%), Petroleum oils, refined (5%), Parts and accessories of the motor vehicles (4%), Electronic integrated circuits (3%), Medicaments, packaged (2%) China (15%), United States (10%), Argentina (9%), Netherlands (4%), Germany (4%) United States (18%), China (16%), Argentina (10%), Germany (8%), Korea, Rep. (5%)

Major trade partners (exports): Major trade partners (imports):

BRL Profile
Inflation: 5.2% Nicknames: Real Coins: Freq Used: R$1, 5, 10, 25, 50 Banknotes: Freq Used: R$5, R$10, R$20, R$50, R$100 Rarely Used: R$2

Central Bank: Banco Central Do Brasil Website: http://www.bcb.gov.br/?english Users: Brazil

EUR 1 BRL Inverse: USD BRITIAN AUD CAN CHF 0.40750 2.45398 ARG 2.46797 0.40519

0.32957 0.43427 0.27775 0.47331 0.45204 3.03424 2.30270 3.60030 2.11278 2.21218

Potectionism in Brazil For several years now, the international community has complained about Brazils growing protectionist stance. With the countrys economy experiencing a slowdown, authorities in Brasilia have contended, in turn, that recent measures to protect local industries are simply part of a defensive strategy. But now even local businesses are questioning the measures. To try to isolate and protect industry from competition may benefit the local industry, but it has long-term costs and will block the development of a truly competitive and innovative industrial base, British prime minister David Cameron told the Brazilian press ahead of an official visit to the country in September. The message seemed a warning to the administration of president Dilma Rousseff that its policies may ultimately backfire. UK-Brazil bilateral trade was $5.2 billion between January and August, with a $567 million surplus in Brazils favor. We cant extend the economic retraction by isolating ourselves and setting up protectionist barriers, Cameron added. Instead, we have to break them by providing more jobs, growth and prosperity. The prime minister contends that, unlike Brazil, the UK is lifting trade barriers, slashing taxes on partnerships, granting tax incentives to new businesses and even issuing more business visas to get top talent to relocate to Britainall to boost the countrys slow economic recovery. Cameron was responding to a September move by the Brazilian government to increase import tariffs on a list of 100 products ranging from steel and rubber tires to produce. The measure elicited a letter from the US government to the Rousseff administration asking it to reconsider the measures. The Brazilian government had already introduced previous rules to protect local industries, including hiking taxes on foreign car imports.