Brazil posts trade balance surplus of USD 1bn by 1st week of October

According to the Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry, Commerce, and Services (MDIC), the Brazilian economy recorded a surplus of $1.02 billion in the first week of October. This figure reflects exports totaling $5.569 billion and imports amounting to $4.549 billion during the period.

Year-to-date, the trade balance has accumulated a surplus of $60.139 billion. The daily average of exports in the first week of October decreased by 1.5% compared to the same month last year, reaching $1.392 billion.

This drop in exports was driven by a significant decline in agricultural sales (-27.1%), partially offset by gains in the extractive industry (9.2%) and manufacturing (3.2%). Meanwhile, compared to the same period last year, the daily average of imports increased by 16.5% to $1.137 billion.

The rise in imports was supported by increased purchases from the manufacturing industry (20.3%) and agriculture (11.3%). In contrast, imports from the extractive sector fell by 15%.

Source: Valor Econômico

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