Export revenues drop 28.3% in the first ten months of 2018

Top Trading Partners Roundup

Brazil’s export revenues fell by 28.3% to US$109.799m in the first ten months of 2018, year-on-year. China continued to be Brazil’s top export destination, although export revenues dropped significantly by 7% to US$37.897m compared to the same period last year. Exports revenue fell for almost all the top twenty countries, including the US, Argentina, Netherlands, and Spain by 28%, 39%, 30%, and 8% respectively. The following SECEX table ranks Brazil’s top trading partners on the export side in US$ million:

Brazil’s imports were up 18.5% between January and September, at US$109.095m. This was mainly due to China, with imports from the country has grown by 27% to US$22.944m during that period, YoY. Imports from the US and Germany increased by 19% and 13% respectively during the same period, while Argentina and Mexico saw a massive 37% and 29% jump in import revenues to Brazil. The following table uses SECEX data to show how the countries rank regarding exporting to Brazil in US$ million:

Top Commodities Roundup

Revenue generated from oil seeds and oleaginous fruits rose 11% to US$26.018m between January and October period, year-on-year. Other significant increases were mineral fuels, oils, waxes and bituminous substances (8%) and pulp and other cellulostic material (5%). The largest drops in export revenues came from ores, slag and ash, down 56% year-on-year; apart from that, iron and steel (24%), vehicles and parts and accessories thereof (40%), sugar and sugar confectionery (60%), meat and edible meat offal (67%), , and coffee, tea maté and spices (48%). The SECEX table below shows Brazil’s export commodity ranking for the first ten months year-on-year in US$ million:

Import revenues rose significantly for the following commodities (see the table below for detailed rankings):

1. Mineral fuels, mineral oils, bituminous substances; mineral waxes (20%)
2. Nuclear reactors, boilers, machinery, and mechanical appliances; others (14%)
3. Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (38%)
4. Electrical machinery and equipment and parts thereof; others (12%)
5. Organic chemicals (25%)
6. Plastics and articles thereof (13%)
7. The largest increased observed with ships, boats, and floating structures (1418%)

Revenues fell for the following top 20 commodities:

1. Beverages, spirits, and vinegar (16%)

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