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  1. $Title{Table 25.: Summary of Balance of Payments, 1977-80 (in millions of United States dollars)}
  2.  
  3. _____________________________________________________________________________
  4.                                        1977      1978      1979      1980
  5. _____________________________________________________________________________
  6. Exports (f.o.b.) ................     12,120    12,659    15,244    20,132
  7. Imports (f.o.b.).................    -12,023   -13,683   -18,084   -22,961
  8.                                      ________   _______   _______   _______
  9.       Trade Balance..............         97    -1,024    -2,840    -2,829
  10.  
  11. Interest Payments (net) .........     -2,462    -3,344    -5,347    -7,150
  12. Other Service Payments
  13.   (net) .........................     -1,672    -1,647    -1,834    -2,200
  14.                                       _______   _______   _______   _______
  15.  
  16.         Balance on Current
  17.           Account................     -4,037    -6,015   -10,021   -12,179
  18.  
  19. Direct Foreign Investment
  20.   (net) .........................        810     1,071     1,491     1,202
  21. Brazilian Loans to
  22.   Foreigners.....................       -267      -357      -610       568
  23. Medium-and Long-term
  24.  Loans (net) ....................        940       988       759     1,011
  25. Financial Credits (net) .........      3,690     7,857     4,606     4,440
  26. Other Capital Movements .........       -506       718       560     1,459
  27.                                       _______   _______   _______   _______
  28.  
  29.   Balance on Capital
  30.       Account....................      4,667    10,277     6,806     8,680
  31.  
  32. Change in Reserves ..............       -630    -4,262     3,215     3,499
  33. _____________________________________________________________________________
  34.