Brazil Revises August Trade Deficit Dn To
$643 Mln
Dow Jones Newswires
BRASILIA -- Brazil's trade deficit for August has been adjusted to $643
million, from a previously announced $666 million, the Ministry of Trade
and Industry said Thursday.
The figure was altered after previously registered imports were not verified
as having entered the country.
The imports figure for August was adjusted to $4.628 billion, down from
the $4.651 billion announced earlier this month. Exports last month totaled
$3.985 billion.
With the adjustment, the cumulative trade deficit for the first eight months
of the year was $3.01 billion, with imports of $37.928 billion and exports
of $34.923 million.
In the January-August period of 1997, Brazilian imports outpaced exports
by $7.71 billion.
In the January-August period of 1997, Brazilian imports outpaced exports
by $4.71 billion.
(In an item at 1821 GMT, Brazil's cummulative trade deficit for the first
eight months of 1997 was misstated.)
Trade and Industry Ministry numbers showed that exports to Asia plunged
27.6% to $3.897 billion from $5.383 billion in the first eight months last
year, the Estado news agency reported.
Exports to all other regions rose in the period.
Sales to the U.S. increased to $6.49 billion, up 3.3% from $6.29 billion in
the same period last year.
Exports to other Latin American countries jumped 9.9%, while sales to
smaller markets such as Eastern Europe and the Middle East soared
15.2% and 13.9%, respectively.
The Ministry said that the August trade balance was severely affected by
the customs agents' strike, which has still to be fully resolved. The Ministry
also said that the stoppage harmed exports more than imports. |
