Trade: Brazil increases imports significantly

Brazilian imports totaled US$ 98 billion from January to October, growth of 29.2% in comparison with the same period last year. The value is record for the period and has already exceeded the total for 2006, when foreign purchases reached US$ 91.35 billion. Brazilian exports, in turn, generated US$ 132.36 billion, an increase of 16% in comparison with the first ten months of 2006. The figures were supplied by the Ministry of Development, Industry and Foreign Trade.
In the accumulated result for the year, Brazil's global trade – exports plus imports – grew 21.2% in comparison with the same period last year, US$ 230.36 billion against US$ 189.11 billion.
In October, the Brazilian trade balance registered a surplus of US$ 3.43 billion for Brazil. Exports totaled US$ 15.76 billion, an increase of 18.6% as against the same month last year. Imports totaled US$ 12.33 billion, growth of 34.7% over October 2006. Both exports and imports broke monthly records.
In the month, three categories of products registered record values of exports: manufactured products, with US$ 7.7 billion, basic products, US$ 5.6 billion and semi-manufactured products US$ 2.1 billion. In comparison with October 2006, the growth was 6.8% for manufactured products, 44.3% for basic products and 9% for semi-manufactured products.
The five main buyers of Brazil products in October were the United States, with imports of US$ 2.36 billion, Argentina, US$ 1.47 billion, China, US$ 1 billion, the Netherlands, US$ 900 million and Germany, US$ 651 million.
In the month, imports of all categories of products grew in comparison with October last year, consumer goods rose 41%, fuels and lubricants, 38.6%, raw and intermediary materials, 32.6%, and capital goods, 32.3%.
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