.Brazil Posts $943 Million Weekly Foreign Trade Surplus

[Blue_Tires]

SAO PAULO (Dow Jones)--Brazil had a foreign-trade surplus of $943 million in the first week of August, the trade and development ministry said Monday.

In the Aug. 1-8 period, exports totaled $4.418 billion, while imports were $3.475 billion. Year-earlier figures weren't provided.

With the new figures, Brazil's year-to-date trade surplus totaled $10.18 billion, compared with a surplus of $17.75 billion in the same period of 2009.

Analysts are expecting a decrease in Brazil's trade surplus for 2010 from the $25.35 billion surplus in 2009. A weekly survey of experts conducted by the Central Bank of Brazil and released earlier Monday produced an average forecast for a 2010 surplus of $15 billion, down from $15.10 billion in the previous week's survey.

-By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7073; [e-mail]
http://online.wsj.com/article/BT-CO-20100809-708875.html

[Judi Lynn]

1. Hope Brazil's next President is also going to be good for Brazil. n/t