Brazil wraps up first week of June with USD 1.41 billion surplus

Brazil’s trade balance recorded a surplus of $1.41 billion in the first week of June, according to the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry, Commerce and Services (Mdic). This surplus resulted from exports totaling $7.37 billion and imports amounting to $5.96 billion during the period.

The daily average of exports in the first week of June rose by 4.6% to $1.473 billion compared to the same period last year. This growth was driven by significant increases in shipments from the extractive industry (27.9%) and agriculture (8.3%). Conversely, foreign sales in the manufacturing industry declined by 5.6% during this period.

Check below for a more detailed breakdown of Brazilian exports via containers over the last five years. The data was prepared based on DataLiner:

Brazilian Exports via Containers | Jan 2021 – Apr 2024 | TEUs

Source: DataLiner (click here to request a demo)

Imports in the first week of June saw a substantial rise of 28.3%, reaching $1.192 billion per day, compared to June 2023. The manufacturing industry led this increase, with daily purchases amounting to $248 million, a 29.2% increase over June last year.

The chart below provides a historical overview of Brazilian imports via containers with data derived  from DataLiner:

Brazilian Imports via Containers | Jan 2021 – Apr 2024 | TEUs

Source: DataLiner (click here to request a demo)

Agricultural imports surged by 91.4%, while imports in the extractive industry grew by 3.2%.

Source: Valor Econômico

Click here to read the original news report: https://valor.globo.com/brasil/noticia/2024/06/10/balanca-comercial-brasileira-tem-superavit-de-us-141-bi-na-1a-semana-de-junho.ghtml

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