Brazilian exports exceed £80bn
Brazilian exports exceeded $160 billion (£80 billion) in 2007, which is a 16.6 per cent increase compared with 2006, according to new reports.
Figures disclosed by the Ministry of Development, Industry and Foreign Trade revealed that imports also grew during the period by 32 per cent, reaching $120.61 billion (£60.30 billion) – almost double the total value of imports in 2006.
Impressively the data reveals that in December alone the Latin American nation generated $14.24 billion (£7.12 billion) in exports, 16 per cent more than in December 2006.
The news follows comments made by an economist for Rio de Janeiro think tank IPEA, Paul Levy, that Brazil is currently stronger than it has been for 25 years.
He is not the only economist to show faith in the Latin American nation’s economy over recent months.
In late 2007 the Royal Institute of Chartered Surveyors published its annual Global Property Survey, which claimed that there are still fruitful property investment opportunities in emerging markets such as Brazil, despite the credit crunch.
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
