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Saturday, February 04, 2006

Commerce between Portugal and Brazil grows

The commerce between Brazil and Portugal in January totaled 124 million euros, an increase of 62,6 percent in relation to the same period of 2005, informed the Lusa a source of in Brazilian government.
Sales of Brazilian products to Portugal had already reached a value of 105,8 million euros, 70,7 percent more than in same period of last year. On the other side of the Atlantic Brazilian purchases of Portuguese products increased to 18,3 million euros, confirming an increase of 27,4 percent compared with January of 2004.
Products bought from Portugal included olive oil, wines, codfish (bacalhau), acrylic wires and ore minerals. The Brazilian product of bigger importance in the commerce with Portugal was crude oil that represented 67 percent of total exportations.
In 2005, the commerce between the two countries totaled 1,029 million euros representing an increase of 7,8 percent compared to 2004.

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