Brazil’s trade balance has US$ 1.60 billion surplus in 1st week of October

The trade balance registered a surplus of US$ 1.60 billion in the first week of October, informed the Brazilian Ministry of Economy. The value results from exports of US$ 7.56 billion and imports of US$ 5.96 billion.

Year-to-date, the surplus totaled US$ 49.31 billion, 9.6% less than the balance accumulated between January and the first week of October 2021.

The daily average of shipments in the first week of October increased 33.8% to US$ 1.512 billion compared to October of the previous year. The growth was driven by sales abroad of agriculture (+118.2%), followed by the manufacturing industry (+36.9%). On the other hand, average mining and quarrying industry exports dropped 14.6% on the same basis of comparison.

The daily average of imports also grew 16.2% to US$ 1.192 billion, in the first week of the month, compared to October 2021. The advance was supported by purchases from the manufacturing industry, which grew by 21.1%. Imports of extractive industry products, in turn, shrank 38.4%, while agricultural imports dropped 13.2%.

Source: Valor Econômico

To read the full original article, please go to: https://valor.globo.com/brasil/noticia/2022/10/10/balanca-comercial-do-brasil-tem-superavit-de-us-160-bi-na-1a-semana-de-outubro.ghtml

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