Economy

Brazil: trade surplus reaches US$ 2.1 billion by January 3rd week

Jan, 23, 2023 Posted by Gabriel Malheiros

Week 202304

The Brazilian trade balance accumulated a surplus of USD 2.1 billion up to the third week of January. The daily average of the trade flow (sum of exports and imports) increased by 7.8% compared to 2022, reaching US$ 30.5 billion. Partial data on the trade balance for January, up to the third week, were disclosed this Monday (1/23) by the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry, Commerce, and Services (MDIC).

Exports grew 15.4% to US$ 16.3 billion, while imports rose 0.2%, reaching US$ 14.2 billion in the month. These percentages are calculated by comparing the daily average of operations to January 2022.

Until the third week of January, exports from the Agriculture and Livestock sector grew 5.5%, totaling US$ 2.5 billion. Extractive Industry sales rose 34.1%, reaching US$ 4 billion; the Manufacturing Industry grew 11.6%, reaching US$ 9.6 billion.

Imports increased by 31.2% in the Agriculture and Livestock sector, totaling US$ 344 million, and by 4.7% in the Manufacturing Industry, totaling US$ 12.5 billion. On the other hand, imports from the Extractive Industry sector decreased by 25% to US$ 1.3 billion. All changes are calculated on a daily basis and compared to January 2022.

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