Brazil’s trade surplus reaches USD 2.33 bln in December

Brazil’s trade balance totaled USD 2.33 billion by the second week of December, up 90.9% from the same period last year. The country’s trade flow, by this week’s second week, went to USD 15.79 billion, rising 15.7% compared to December 2021.

The data released on Monday, December 12, by Brazil’s foreign trade department of the Ministry of Economy reveal a growth of 21.9% in exports, which came to US$ 9.06 billion in the period, and an increase of 8.3% in imports, which totaled US$ 6.73 billion.

Year to date, up to the second week of December, the surplus reached US$ 59.86 billion, an increase of 3.7% from the daily average measured between January to December of last year. The trade flow increased by 22.3%, reaching US$ 574.99 billion, with US$ 317.42 billion in exports (+20.3%) and US$ 257.56 billion in imports (+24.9%).

As for the second week of December alone, the surplus was US$ 1.70 billion. The trade flow reached US$ 11.46 billion, with exports worth US$ 6.58 billion and imports of US$ 4.87 billion.

Performance by sector

Government data attests to sales growth in all market sectors in December this year. The year-to-date daily average of agricultural exports increased by 20.2%, which totaled US$ 1.39 billion in the period. There was also a 65.0% increase in foreign sales by the extractive industry, which reached US$ 3.02 billion, and 4.6% in manufacturing industry shipments, which reached US$ 4.62 billion.

Unground corn, except sweet corn, unroasted coffee, and soybeans were the month’s top agricultural exports until the second week. In the extractive industry, the growth of exports was primarily driven by crude petroleum oils or crude oils derived from bituminous minerals; charcoal, whether in powder or agglomerated form; and nickel ores and concentrates. Sugar and molasses were the highlights of the manufacturing industry, as were fuel oils derived from petroleum or bituminous minerals, as well as tobacco.

In terms of imports, there was a 13.6% (daily average) decrease in agricultural purchases in December by the second week of the month, totaling US$ 124.44 million; in addition, there was a 29.4% increase in extractive industry imports, totaling US$ 623.30 million. Landings of manufacturing industry products increased by 8.3% to USD 5.92 billion. These results prompted the increase in imports, explained the government’s foreign trade department.

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