Brazil´s trade balance registers US$1.8 billion surplus in 4th week of July

Data on Brazil´s trade balance, released on Monday, July 27, by the Foreign Trade Secretariat (Secex), shows a US$1.836 billion surplus and a US$7.244 billion trade flow in the fourth week of July 2020.  This is the result of exports worth US$4.54 billion and imports of US$2.704 billion. The cumulative total for the year shows exports totaled US$117.321 billion and imports US$88.572 billion, with a positive balance of US$28.749 billion and a trade flow of US$205.893 billion.

Analysis of the month

On the export side, a year-on-year comparison of the daily average up to the fourth week of July 2020 shows a 1.1% dip down to US$866.76 million, led by a 10.3% drop in sales from the manufacturing Industry. On the other hand, there was a 22.2% increase in agribusiness sales and a small increase in the mining industry (+ 0.4%).

On the import side, the daily average until the fourth week of July 2020 was down 34% to US$509.74 million year-on-year. The fall was led mainly by the mining industry (-57.3%) and manufacturing (-32.8%). There was a slight increase in imports related to agriculture (+ 0.4%).

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