NEWS IN ENGLISH – June farm sector exports rack up a surplus of $7.6 billion

15/07/2011 08:35

Danilo Macedo        Reporter Agência Brasil


Brasília – The farm sector (“agronégocio”) turned in another strong performance in June with exports totaling $8.9 billion and imports at $1.3 billion, for a surplus of $7.6 billion. Compared to June 2010, exports were up 29.1%, imports rose 32.5%.


China, now Brazil’s biggest trade partner, increased imports from Brazil by 33.7% in June. Exports also rose sharply in June to Spain, up 148%; to Russia, up 110%; to Japan, up 64%; and Germany, up 58%.


Allen Bennett – translator/editor The News in English

[This article has to been corrected to reflect the following: the Ministry of Agriculture made a mistake in its press release, stating that the farm sector surplus in June 2011 was $5.8 billion (with exports of $8.9 billion and imports of $1.3 billion – which was obviously wrong). Danilo Macedo found that the ministry’s figure was for the June 2010 surplus]

Link - Balança comercial do agronegócio tem superávit de US$ 34,7 bilhões no primeiro semestre