Brazil registers US $ 6.902 billion foreign trade in second week of January

Brazil’s trade balance registered a surplus of US $ 14 million and total trade of US $ 6.902 billion in the second week of January 2020, as a result of US $ 3.458 billion in exports and US $ 3.444 billion in imports. The data was disclosed by the Foreign Trade Secretariat (Secex) of the Ministry of Economy. In the month, exports totaled US $ 6.351 billion and imports, US $ 4.573 billion, meaning so far in January the surplus reaches US $ 1.778 billion and total trade US $ 10.923 billion.

Check out further data on the Brazil’s trade balance accounts

Monthly Review

Exports grew 10.4% in the first two weeks of January 2020 compared to the same period in 2018 to US $ 907.2 million from US $ 822.0 million. Drivers included an increase in sales of commodities (+ 23.0%) from $ 370.5 million to $ 455.6 million and semi-manufactured goods (+ 8.5%) from $ 131.4 million to $ 142.5 millions. On the other hand, sales of manufactured goods fell 3.4% from US $ 320.1 million to US $ 309.2 million.

Compared to December 2019, there was an increase of 4.9%, with drivers including the expansion of sales of semi-manufactured products (+ 44.6%), from US $ 98.5 million to US $ 142.5 million and manufactured products (+7.6%), from $ 287.5 million to $ 309.2 million. Sales of basic products decreased (-4.8%), from $ 478.6 million to $ 455.6 million.

Imports on the other hand registered a 12.3% drop in the same comparison, at US $ 653.2 million compared to US $ 744.9 million last year. In this comparison, imports fell mainly in fuels and lubricants (-35.6%), fertilizers (-28.5%), aircrafts and parts (-16.6%), cereals and products from the milling industry (-14.0%) and pharmaceuticals (-5.5%).

Compared to December 2019, imports grew 9.3%, with drivers coming from increases in purchases of plastic and works (+ 38.5%), electronic equipment (+ 32.3%), steel mills (+ 29.7%), mechanical equipment (+ 28.7%) and organic and inorganic chemicals (+ 23.3%).

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