Brazil: Macroeconomic Profile - Foreign Trade
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Foreign Trade
Brazilian trade has been surging in recent years. Trade flows reached US$76.6 billion in 1994 and peaked further to US$96.2 billion in 1995, including imports of US$49.7 billion and exports of US$46.5 billion. In 1995 the trade deficit stood at US$3.2 billion, representing the first negative result since 1980. These statistics are clear evidence of the intensification of commercial relations abroad and the opening-up of the domestic market to imports.
Brazil's trade balance has evolved in the following manner:
Structure of Brazilian Imports (in per cent)
|
Product categories |
1970 |
1993 |
|
Foodstuffs |
11 |
10 |
|
Fuels |
12 |
16 |
|
Other primary products |
8 |
7 |
|
Machinery and transport eqpt. |
35 |
33 |
|
Other manufactured goods |
34 |
34 |
|
Total |
100 |
100 |