Brazil’s Trade Surplus Reaches $3.5 Billion in Early January

In the first two weeks of January, Brazilian exports totaled $12.272 billion, while imports reached $8.776 billion, resulting in a surplus of $3.496 billion, according to data released on Monday (01/15) by the Foreign Trade Secretariat of the Ministry of Development, Industry, Trade, and Services (Secex/MDIC).

During the second week of the year, the trade balance stood at a surplus of $1.391 billion, with exports amounting to $6.212 billion and imports at $4.822 billion.

Year-on-Year Growth

Comparing the averages up to the 2nd week of January 2024 ($1.363 billion) with the same period in 2023 ($1.036 billion), exports saw a growth of 31.6%. Regarding imports, the increase was 4.6%, reaching $975.1 million, compared to $932.33 million last year.

In this two-week interval, the daily average of the trade flow totaled $2.3 billion, and the balance, also on a daily average, amounted to $388.42 million. Compared to the January 2023 average, this represented an 18.8% growth.

Sectors and Products

The performance of exports by sector, on a daily average during this period, was as follows: a growth of $70.7 million (43.9%) in Agriculture; an increase of $134.37 million (55.6%) in Extractive Industry, and a growth of $120.54 million (19.2%) in Manufacturing Industry products.

For imports, there was a decrease of $-2.35 million (-10.2%) in Agriculture; a drop of $-13.14 million (-17.7%) in Extractive Industry, and an increase of $57.98 million (7.0%) in Manufacturing Industry products.

Sharing is caring!