Brazil’s trade balance surplus is up 40%

The trade balance reached a surplus of US$ 54.52 billion in the cumulative result for 2021 by the third week of September, signifying a 40.3% rise in the daily average year-on-year. Total trade reached US$ 352.30 billion, up 36.7%. Exports reached US$ 203.41 billion, by rising 37.2%, whilst imports rose 36.1% and generated US$ 148.89 billion.

The cumulative result for September showed a growth in exports of 38.9%, reaching US$ 14.47 billion, whilst imports rose 60.6% and totaled US$ 12.06 billion. As a result, the trade balance registered a surplus of US$ 2.41 billion, down 17.1%, and the trade flow reached US$ 26.53 billion, up 48%.

In the third week of September alone, exports totaled US$5.411 billion, while imports totaled US$5.035 billion. Thus, the trade balance registered a surplus of US$ 376 million and the flow of trade reached US$ 10.446 billion.

Exports in September 2021

On the export side, the increase was due to the mining industry (+31.6%), manufacturing (+45.9%) and agriculture (+27.4%).

Imports in September 2021

On the import side, the manufacturing industry (+54.5%), agriculture (+42.5%) and also mining (+272.2%), were mainly responsible for the increase.

For manufacturing, the increase in imports was driven by the growth in purchases of fertilizers or chemical fertilizers, except for raw fertilizers (+129.8%); medicines and pharmaceuticals, except veterinary (+264%); fuel oils from petroleum or bituminous minerals, except crude oils (+75.3%); parts and accessories for automotive vehicles (+72.5%) and non-electric engines and machines, and their parts, except piston engines and generators (+130.1%).

For agriculture, the increase was mainly due to the purchase of unground corn, except for sweet corn (+361.8%); wheat and rye, unground (+26.7%); live, frozen or refrigerated fish (+96.8%); latex, natural rubber, balata, gutta-percha, guayule, chewing gum and natural gums (+143.7%) and soy (+40.9%).

Finally, in the mining industry, the increase in imports is mainly due to the purchase of natural gas, liquefied or not (+606.9%); coal, even powdered but not agglomerated (+183.9%); crude oils from petroleum or bituminous minerals, crude (+243.8%); copper ores and concentrates (+140.9%) and other ores and base metal concentrates (+238.2%).

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