Brazilian exports show 10.4% year-on-year increase by 1st week of July

The Brazilian trade balance had a surplus of US$ 2.934 billion and a trade flow of US$ 12.753 billion in the first week of July, with exports reaching US$ 7.843 billion and imports totaling US$ 4.91 billion in the period.

Exports grew by 10.4% when comparing the averages of the first week of this month (US$ 1,568.67 billion) and July 2022 (US$ 1,421 billion). Imports, on the other hand, fell by 15.8%, from US$ 1.166 billion in July last year to US$ 981.92 million in the first week of July. The data was released on Monday (10/7) by the Ministry of Development, Industry, Commerce and Services (MDIC).

From January to July, exports amounted to US$ 173.523 billion and imports to US$ 125.525 billion, resulting in a surplus of US$ 47.998 billion and a trade flow of US$ 299.048 billion.

Looking at the foreign sales by sector and products, we see that in the first week of July, there was an increase of US$ 107.81 million (+33.7%) in agricultural products compared to the same period last year. The sales of mining and quarrying products decreased by US$ 29.38 million (-9.3%), while manufactured products increased by US$ 68.95 million (+8.8%).

As for the purchases from abroad, there was a decrease of US$ 8.89 million (-39.3%) in agricultural products, an increase of US$ 7.66 million (+10.7%) in mining and quarrying products, and a decrease of US$ 175.71 million (-16.5%) in manufacturing products in the first week of July compared to July last year.

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