trade balance / balança comercial
Economy

Economy: Brazilian trade balance finds USD 3.67bn surplus in the 3rd week of September

Sep, 19, 2022 Posted by Gabriel Malheiros

Week 202238

The Brazilian trade balance registered a surplus of US$ 3.67 billion up to the third week of September, with a growth of 59.4% over the same month last year by the daily average. The trade flow increased 30.6% in the period, reaching US$ 30.34 billion, reflecting the sum of exports, which grew 33.2% and reached US$ 17.01 billion, and imports, which increased 27.4% and totaled US$ 13.33 billion. The data were released this Monday (09/19) by Brazil’s Foreign Trade Secretariat (Secex) of the Ministry of Economy.

The surplus reached US$ 47.55 billion in the year, with a reduction of 11.5% by the daily average compared to the period from January to September 2021. The trade flow grew 23.8%, reaching US$ $436.24 billion. Exports grew 19.1% and totaled US$ 241.90 billion, while imports rose 30.1% and totaled US$ 194.35 billion.

In the third week of September alone, the surplus was US$ 1.733 billion, and the trade flow reached US$ 13.849 billion due to exports worth US$ 7.791 billion and imports worth US$ 6.058 billion.

September exports

Agricultural exports increased 59.8% in the month, up to the third week, reaching US$ 3.32 billion. The performance was driven by the growth in sales of unground corn, except sweet corn (+282.5%), unroasted coffee (+46.1%), and soybeans (+22.4%).

As for the Extractive Industry, shipments increased 10.5% and reached US$ 4.08 billion. The highlights were sales of other crude minerals (+57.4%), other base metal ores and concentrates (+240.9%), and crude oil or crude bituminous minerals (+78%).

The Manufacturing and Processing Industry earned US$ 9.45 billion in exports, up 36.8%. The main increases seen were in the sales of soy bran and other animal feeds, excluding unground cereals, meat and other animal-derived meals (+96.5%), pulp (+106.3%), and fuel oils from petroleum or bituminous minerals, except crude oils (+106.3%).

September Imports

In terms of imports, up to the third week of September, Secex registered a 22.2% increase in landings of agricultural items, which totaled US$ 289.94 million. The growth was influenced by the rise in purchases of unmilled wheat and rye (+50.1%), unmilled barley (+8,244.2%), and non-oleaginous fruits and nuts, fresh or dried (+40.9%).

Purchases from the Extractive Industry rose 34.7%, reaching US$ 921.97 million. The most significant increases were seen in the arrivals of crude fertilizers, except manure (+21.1%), other crude minerals (+24.6%), and crude petroleum or bituminous mineral oils (+264.6%).

In the Manufacturing Industry, purchases until the third week of September cost US$ 12 billion, an increase of 27.3%. The most significant increases were for petroleum fuel oils or bituminous minerals, except crude oils (+139.7%), organo-inorganic compounds, heterocyclic compounds, nucleic acids and their salts, and sulfonamides (+61.7%) and insecticides, rodenticides, fungicides, herbicides, plant growth regulators, disinfectants and the like (+86.5%).

Sharing is caring!

Leave a Reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.