Brazil registers a USD 36.82 billion trade surplus until the 2nd week of July

The trade balance in Brazil accumulated a surplus of US$ 36.82 billion over the year until the second week of July, with a decrease of 7.5% compared to the period from January to July 2021. The trade flow rose 24.3%, reaching US$ 311.01 billion, the sum of US$ 173.91 billion in exports and US$ 137.09 billion in imports. The data were released this Monday (7/11) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy.

In July, up its second week, the balance was positive at US$ 2.51 billion, up 24.8% over July 2021. The trade flow reached US$ 17.06 billion, up 43.4%, with exports of US$ 9.79 billion (+40.7%) and imports of US$ 7.28 billion (+47.2%). In the second week of July alone, Brazil saw a surplus of US$ 2.045 billion, with the trade flow reaching US$ 14.108 billion, reflecting exports worth US$ 8.077 billion and imports worth US$ 6.032 billion.

Exports in the month

Agricultural exports increased 57.8% this month, up to the second week, reaching US$ 2.16 billion, with emphasis on the growth in sales of unground corn, except sweet corn (+160.5 %), and unroasted coffee (+96.7%) and soybeans (+49.1%).

As for the Extractive Industry, shipments grew 26.9%, reaching US$ 2.57 billion, driven by sales of other raw minerals (+130.1%), copper ores and their concentrates (+114.7%), and crude petroleum or bituminous mineral oils, also crude (+149.8%).

Processing industry sales also increased (+42.7%), reaching US$ 5.04 billion. The growth in exports of sugars drove the expansion in this sector and molasses (+58.3%), soybean meal and other animal feed, excluding unmilled cereals, meat and other animal meal (+49%) and fuel oils of petroleum or bituminous minerals, except crude oils (+48.1%).

Imports

On the import side, up to the second week of July, purchases for Agriculture and Livestock grew by 15.7%, which totaled US$ 144.23 million, driven by increases in unmilled wheat and rye landings (+83.7% ), unground corn, except sweet corn (+39%) and non-oil fruit and nuts, fresh or dried (+22.6%).

In the Extractive Industry, purchases increased 22%, reaching US$ 386.65 million, with emphasis on the entry of other ores and concentrates of base metals (+63.9%), coal, including in the form of powder but not agglomerated (81.5%), and crude petroleum or bituminous mineral oils (+57.3%).

The Processing Industry increased imports by 50.3% until the second week of the month, totaling US$ 6.69 billion. The main driving forces of this growth were the increases in purchases of petroleum fuel oils or bituminous minerals, except crude oils (+146.3%), organo-inorganic compounds, heterocyclic compounds, nucleic acids and their salts, and sulfonamides (+ 81.4%), in addition to fertilizers or chemical fertilizers, except raw fertilizers (+175.5%).

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