Brazilian Trade balance at US$2.05 bn surplus in second week of November

Data released on Monday, November 16th by the Secretariat of Foreign Trade (SECEX) of the Ministry of Economy showed the Brazilian trade balance registered a cumulative positive balance of US$ 2.05 billion through the second week of November – a 27.8% year-on-year jump in the daily average, with the trade flow rising 4.5% and reaching US$ 15 billion. In the second week of the month, the surplus was US$ 0.572 billion, with a trade flow of US $ 7.694 billion, the result of exports worth US$ 4.133 billion and imports of US$ 3.561 billion.

In the accumulated result for the month, exports totaled US$ 8.524 billion and imports, US$ 6.475 billion. For the full year, exports totaled US$ 182.671 billion and imports, US$ 133.194 billion, with a positive balance of US$ 49.478 billion and a trade flow of US$ 315.865 billion.

In exports, comparing the average up to the second week of this month (US$ 947.14 million) with that of November 2019 (US $ 886.84 million), there was an increase of 6.8%. In relation to imports, the increase was 1.5% in the comparison between the averages until the second week of November this year (US$ 719.41 million) with that of November last year (US$ 708.61 million).

Thus, until the second week of November 2020, the trade flow daily average totaled US$ 1.666 billion and the balance, also by daily average, was US$ 227.73 million. Comparing this period with the average of November 2019, the trade flow grew by 4.5%.

Sectors

For the accumulated figure through the second week of the month, compared to November of the previous year, by the daily average, there was an increase of US$ 59.82 million (+ 34.5%) in the Extractive Industry, and an increase of US$ 13.48 million (+2,6%) in products from the Manufacturing Industry, with a decrease of US$ 11.16 million (-6.3%) in Agriculture.

In the Extractive Industry, the main increases in the daily average were iron ore and its concentrates (+ 49.7%), with an increase of US $ 45.25 million; crude petroleum or bituminous mineral oils, raw (+ 13.2%), with an increase of US$ 9.27 million; copper ores and concentrates (+ 83.4%), with an increase of US$ 6.31 million; and other crude minerals (+ 69.5%), which increased by US$ 0.71 million.

In the Manufacturing Industry, also due to the daily average, sales of sugar and molasses stood out (+ 89.9%), with an increase of US $ 25.37 million; non-monetary gold (+ 45.6%), which excludes gold ores and their concentrates, with an increase of US $ 7.67 million; alcohols, phenols, phenols-alcohols and their halogenated, sulfonated, nitrated or nitrosated derivatives (+ 94.7%), which increased by US$ 5.36 million; fresh, chilled or frozen beef (+ 12.8%), with an increase of US$ 4.82 million; and fresh, chilled or frozen pork (+ 64.9%) with an increase of US$ 4.49 million in the daily average.

Imports

On the import side, in the accumulated figure until the second week of this month, compared to November 2019, SECEX registered a growth of US$ 1.15 million (+ 7.1%) in Agriculture, a decrease of US$ 27.87 million ( -62.6%) in the Extractive Industry and growth of US$ 36.5 million (+ 5.7%) in Manufacturing Industry products.

The combination of these results led to an increase in imports by the daily average, driven mainly by the growth of the following products in Agriculture: soy (+ 2,505.6%), with an increase of US$ 2.47 million; raw vegetable materials (+ 49.3%), increasing US$ 0.37 million; unground corn, except sweet corn (+ 7.7%), with an increase of US$ 0.11 million; spices (+ 53.2%), with an increase of US$ 0.10 million; and unroasted coffee (+ 371,439.2%), with an increase of US$ 0.08 million.

In the Manufacturing Industry, the growth of imports in the daily average was driven by valves and thermionic tubes, cold cathode or photo-cathode, diodes, transistors (+ 26.7%), with an increase of US$ 6.35 million; chemical fertilizers or fertilizers, except crude fertilizers (+ 12.7%), with an increase of US$ 5.26 million; telecommunications equipment, including parts and accessories (+ 15.8%), increasing US$ 4.38 million; propane and liquefied butane (+ 276.6%), with an increase of US$ 3.96 million; and copper (+ 64.9%), which grew by US$ 3.36 million.

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