Brazil’s exports up 8%
Brazil’s exports were up to $12.6 billion (£6bn) in March, according to new figures.
The data released by the Ministry of Development, Industry and Foreign Trade showed a rise of 7.6 per cent of total daily exports compared to the same period last year.
Imports for the same period were $11.6bn, down 7.5 per cent from February.
The revelation means that this year’s total exports reached $38.7bn – an increase of more than 15 per cent over last year’s first quarter.
Those considering buying property in Brazil may be encouraged by the news, which suggests an economic resilience in the Latin American nation.
In related news, the China unit president of Brazilian mining giant Vale do Rio Doce – the world’s biggest iron ore miner – has revealed plans to ship more than 100 million tonnes of iron ore to China this year under term contracts, Reuters reports.
Vale recently pulled out of takeover talks to buy its rival Xstrata, in what would have been the iron ore industry’s biggest ever takeover.
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