Brazilian exports in 2023 reach US$ 206.868 billion

During the second week of August 2023, the Brazilian trade balance achieved a surplus of US$ 2.632 billion, driven by exports valued at US$ 7.156 billion and imports totaling US$ 4.523 billion. So far this month, exports have reached US$ 12.664 billion, and imports stood at US$ 8.344 billion, resulting in a surplus of US$ 4.321 billion and a trade flow of US$ 21.008 billion.

In the year-to-date aggregate, exports amount to US$ 206.868 billion, while imports tally US$ 148.991 billion, yielding a substantial surplus of US$ 57.876 billion and a combined trade value of US$ 355.859 billion.

Comparing the average figures until the second week of August (US$ 1.407 billion) with those of August 2022 (US$ 1.339 billion), exports have exhibited growth of 5.1%. Conversely, imports have experienced a decline of 20.1% in the comparison between the average figures up to the second week (US$ 927.07 million) and August 2022 (US$ 1.160 billion). The Ministry of Development, Industry, Commerce, and Services (MDIC) disclosed these statistics on Monday (14/8).

When compared to earlier time frames, daily averages of external sales reveal an expansion of US$ 60.18 million (+20.7%) in agricultural products. The extractive industry has also contributed to export growth, with an increase of US$ 7.78 million (+2.6%), driven primarily by the rise in exports of soy (+27.2% with a rise of US$ 44.22 million in daily average), raw cotton (+129.7%; +US$ 7 million), unroasted coffee (+17.5%; +US$ 4.23 million), iron ore and concentrates (+12.3%; +US$ 13.79), and other raw minerals (+121.9%; +US$ 4.32 million).

As for imports, the cumulative data until the second week of August, when compared to the daily average of the same month in 2022, demonstrates a decline of US$ 8.25 million (-33.2%) in the agriculture sector. The mining and quarrying sector also experienced a reduction of US$ 15.62 million (-21.1%), while the manufacturing products sector recorded a decrease of US$ 206.41 million (-19.6%).

The decline in imports was primarily driven by reduced shipments of unground wheat and rye (-59.3% with a decrease of US$ 6.09 million in daily average), natural rubber, balata, gutta-percha, guayule, chicle, and natural gums (-46.4%; US$ -0.87 million), and unground corn, excluding sweet corn (-24.9%; US$ -0.77 million), among other factors.

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