Brazil revises up 2008 export forecast to $190 bln

Telco

Brazil has revised up its export anticipation for 2008 by $10 billion to $190 billion, local media reported Monday.

According to official statistics, Brazil’s exports for the first half of the year totaled $90.6 billion, a jump of 23.8% year-on-year. Brazil is the biggest exporter of iron ore, coffee, sugar and soybean, whose prices have soared, boosting the country’s export revenues since the beginning of this year. Meanwhile, Brazil’s imports in the first six months of 2008 reached $79.8 billion, marking a 13-year record hike of 52% year-on-year.

The exchange rate of the Brazilian real to the US dollar also rose nearly 20% in the last 12 months, greatly boosting imports. (people.com.cn)

ADVERTISEMENT

Equilor analysts forecast 4.5% GDP growth for 2022 Analysis

Equilor analysts forecast 4.5% GDP growth for 2022

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New leasing and sales director at Horizon Development Appointments

New leasing and sales director at Horizon Development

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.