Brazil exports up 6.3% YoY on the 2nd week of April

Brazilian exports increased 6.3% year on year until the second week of April, reaching US$ 14.59 billion. On the other hand, imports fell 3.1% during the same period, totaling USD 9.52 billion. Thus, the trade balance reached US$ 5.07 billion, representing a 30% increase over April 2022, while trade flow increased by 2.4%, reaching US$ 24.11 billion. The figures were updated on Monday (4/17).

Monthly figures – Sectors and Products

Agribusiness companies saw a significant boost in sales, with a 21.6% increase amounting to a total of US$ 4.74 billion in exports until the second week of April 2023. Similarly, the Extractive Industry experienced a 12% increase in sales, reaching US$ 3.14 billion. In contrast, the Manufacturing Industry saw a 5% drop in sales, totaling US$ 6.62 billion.

Turning to imports, the performance by sector of economic activity during the same period was mixed. The Agriculture sector experienced a sharp decline of 24.5%, adding up to US$ 0.17 billion in imports. Meanwhile, the Extractive Industry saw a modest growth of 0.7%, reaching US$ 0.68 billion in imports. Finally, the Manufacturing Industry also experienced a decline, with a 3% drop in imports totaling US$ 8.59 billion.

Year-to-date

During the period spanning from January to the second week of April 2023, exports showed a slight increase of 0.4% compared to the daily average during the same period last year, totaling a substantial US$ 90.76 billion. Conversely, imports declined by 3.3% and summed up to a total of US$ 69.85 billion during the same period. As a result, there was a notable surplus of US$ 20.91 billion, representing a growth of 15.3%. However, despite this positive balance, the trade flow witnessed a 1.2% decrease, amounting to US$ 160.62 billion.

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