Trade surplus hits USD 1.1 billion

27 de junho de 2016

Last week in Brazil saw USD 4.009 billion in exports and USD 2.909 billion in imports. The month-to-date surplus reached USD 3.4 billion.

São Paulo – Brazil had a USD 1.1 billion trade surplus in last week’s five business days. According to results released this Monday (27) by the Foreign Trade Secretariat (Secex), average daily exports and imports both widened in the first three weeks of June from a year ago.

Exports averaged USD 801.8 million per business day last week, up 5.7% in weeks 1-3 of June 2015.

Basic goods exports grew 6.4% on the back of stronger iron ore, crude oil, poultry, soya bran and tobacco sales. Finished goods exports climbed 10.8%, driven by automobiles, aluminum oxides and hydroxides, cargo vehicles, refined sugar, flat-rolled iron and steel, auto parts and cast iron pipes.

Semi-finished goods exports slid 9.22% as a result of reduced sales of wood pulp, semi-finished iron and gold products, semi-finished gold, ferroalloys, raw soy oil and copper cathodes.

Imports were up 0.7% in the fourth week of June from the preceding weeks, driven by mechanical equipment, fertilizers, pharmaceuticals, iron and steel products, rubber and rubber products.

To date in June, exports and imports decreased from a year ago. Through the fourth week of the month, exports averaged USD 770.4 million a day, down 17.6%. Imports averaged USD 578.8 million, a 19% drop.

Brazil’s trade surplus reached USD 3.448 billion in the first four weeks of June. Year-to-date through the fourth week of June, it stood at USD 23.110 billion. A year ago, the surplus had been USD 1.886 billion.

*Translated by Gabriel Pomerancblum