Brazil’s trade balance reach USD 8.904 bn surplus in September 2023

Brazil’s trade balance recorded a surplus of $8.904 billion in September 2023. This is the highest figure for the month in the historical series that began in 1989.

The data comes from the Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry, Trade, and Services (MDIC), released on Monday (2).

According to the report, exports totaled $28.431 billion, while imports amounted to $19.527 billion. Compared to the same period last year, exports increased by 4.4%, while imports declined by 17.6%.

The trade flow reached $47.958 billion, a 5.8% decrease compared to September 2022.

The year-to-date balance also broke historical records, with a positive balance of $71.309 billion. Exports total $253.009 billion, and imports are $181.7 billion, resulting in a positive trade flow of $434.709 billion in 2023.

Herlon Brandão, the Deputy Secretary for Intelligence and Statistics of Foreign Trade, stated that a record trade surplus is expected in 2023.

“With the year-to-date results, the forecasts have remained the same, and now, with this new projection, we expect to have a surplus of $93 billion, which is over 50% higher than the previous record set in 2022,” he said during a press conference.

From January to September, exports reached $1.34579 trillion, compared to $1.34015 trillion in the same period last year, representing a growth of 0.4%.

Source: CNN Brasil

To read the original news text, please visit: https://www.cnnbrasil.com.br/economia/com-recorde-historico-balanca-comercial-alcanca-superavit-us-89-bi-em-setembro/

Sharing is caring!