Brazil posts surplus of US$ 1.5 bn in the third week of March

The Brazilian trade balance registered a surplus of US$ 1.504 billion and a trade flow of US$ 11.407 billion in the third week of March 2024, according to data released on Monday (March 18) by the Foreign Trade Secretariat of the Ministry of Development, Industry, Trade, and Services (Secex/MDIC). During this period, the country exported US$ 6.456 billion and imported US$ 4.952 billion.

Throughout the month, exports totaled US$ 15.062 billion and imports US$ 11.486 billion, with a positive balance of US$ 3.577 billion and a trade flow of US$ 26.548 billion.

Year-to-date exports amount to US$ 65.569 billion and imports US$ 50.05 billion, resulting in a positive balance of US$ 15.518 billion and a trade flow of US$ 115.619 billion.

Month-on-Month Comparison

In exports, comparing the averages until the third week of March 2024 (US$ 1.369 billion) with March 2023 (US$ 1.4 billion), there was a decrease of -4.0%. Regarding imports, there was an increase of 8.8% – from US$ 959.64 million to US$ 1.04 billion.

Thus, until the third week of March 2024, the daily average of the trade flow totaled US$ 2.41 billion and the balance, also on a daily average basis, was US$ 325 million. Compared to the March 2023 average, there was a growth of 1.1% in the trade flow.

Exports by Sector and Products

In the accumulated period until the third week of March, compared to the same month of the previous year, the performance of sectors by daily average was as follows: a decrease of US$ 52.65 million (-13.4%) in Agriculture; a decrease of US$ 14.51 million (-4.0%) in Extractive Industry; and growth of US$ 10.96 million (1.7%) in products of the Manufacturing Industry.

Imports by Sector and Products

Regarding imports, comparing the accumulated period until the third week of March 2024 with the same month of the previous year, the performance of sectors by daily average was as follows: growth of US$ 3.89 million (21.1%) in Agriculture; growth of US$ 21.51 million (34.6%) in Extractive Industry; and growth of US$ 59.15 million (6.8%) in products of the Manufacturing Industry.

Sharing is caring!