The Brazilian trade balance saw a surplus of US$ 7.38 billion in March and US$ 11.3 billion in Q1 2022

The Brazilian trade balance recorded a surplus of US$ 7.383 billion in March, an increase of 19.3% compared to the same month of 2021, a variation always calculated by the daily average. As a result, the Brazilian trade balance in the first quarter (Q1 2022) accumulated a positive balance of US$ 11.3 billion, an increase of 37.6% over the same period in 2021. These figures were released on the 1st by the Foreign Trade Secretariat (Secex) of the Ministry of Economy.

Exports totalled US$ 29.1 billion in the third month of 2022, an increase of 25% over the previous year. Imports, on the other hand, reached US$ 21.7 billion and increased by 27.1% over March 2021.

The performance of Brazilian trade in Q1 2022 indicates that exports totalled US$ 71.7 billion, up 26.8% over a year ago. Imports, on the other hand, stood at US$ 60.4 billion, an increase of 25%.

The trade flow, the sum of exports and imports, considered the main indicator trade balance indicator by Secex, reached US$ 132.2 billion in the period, increasing 26%.

Agricultural exports grew 36.8% in March, always calculated by the daily average, in relation to the same month of the previous year. However, in the case of mining and quarrying, exports decreased by 2.4%, while in the manufacturing industry, they rose 35.2%.

There was a 21% increase in agricultural purchases on the import side, a 94.9% increase in the extractive industry, and a 25.2% increase in the manufacturing industry.

In Secex’s most recent projection, also released on Friday, April 1st, the Brazilian trade balance is expected to reach a surplus of US$ 111.6 billion in 2022 after having exported US$ 348.8 billion and US$ 237.2 billion in imports. Previously, the projections were US$ 79.4 billion in the yearly surplus, US$ 284.3 billion in exports, US$ 204.9 billion in imports, and US$ 489.2 billion in terms of trade flow.

Source: Valor Econômico

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