Brazil’s trade balance closes 4th week of April with a US$1.7 billion surplus

In the 4th week of April 2020, the Brazilian trade balance registered a US$1.7 billion surplus and a total traded amount of US$6.7 billion, resulting from exports of US$4.2 billion and imports of US$2.5 billion. During the month, exports totaled US$14.5 billion and imports US$9.4 billion, with a positive balance of US$5.1 billion and a trade flow of US$24 billion. For the year to date, exports totaled US$64 billion and imports, US$53.4 billion, with a positive balance of US$10.6 billion and a trade flow of US$117.4 billion.

Monthly Comparison
For exports, the average daily amount traded up to the 4th week of April this year compared to year-ago levels was down 1.3% to US$906.1 million. On the import side, there was a decrease of -9.1% in the same period comparison, reaching US$589.7 million. Hence, up to the 4th week of April, 2020, the daily average for trade flow totaled US$1,495.8 million, and the daily average of the trade balance was US$316.3 million. Compared to the same period in April last year, this is a 4.6% decline in the trade flow.

Exports by Sector and Products

Until the 4th week of April this year, compared with the same period last year, performances of sectors in terms of daily trade average were as follows: growth of US$119.74 million (62.4%) in Agriculture; a decrease of 21.3% in mining industry and decrease by 16.5%) in the manufacturing sector. The cumulative result was a decrease in exports.

Imports by Sector and Products

Until the 4th week of April this year, compared with the same period last year, performances of sectors in terms of daily trade average were as follows: a 6.3% decrease in agriculture, 11.5% growth for mining products, and a decrease of 10.4% in for manufactured imports.  The end result was a decrease in imports.

Sharing is caring!