Exports bring Brazilian trade balance to USD 32.19bn in 2022

The Brazilian trade balance recorded a surplus of US$ 32.19 billion in 2022, up to the third week of June, with a drop of 6.9% compared with the period from January to June last year by the daily average. The trade flow – the sum of exports and imports – rose 22.8% in the same comparison period, reaching US$ 270.32 billion.

Data released on Monday (20/6) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy show that exports in 2022 so far totaled US$ 151.26 billion, an increase of 18.8% over the daily averages recorded in the same period of 2021. Imports reached US$ 119.06 billion, up 28.4%.

The trade balance result in the first three weeks of June indicates a 13.6% increase in the month’s surplus compared to the daily average of June 2021, reaching a total of US$ 6.76 billion. Trade flow increased 25.2%, reaching US$ 32.98 billion in the month, reflecting the 23.1% growth in exports, which totaled US$ 19.87 billion, and 28.6% in imports, which totaled US$ 13.11 billion.

In the third week of June alone, the trade balance had a positive balance of US$ 3.34 billion, while the trade flow result was US$ 11.72 billion, as exports totaled US$ 7.53 billion and imports US$ 4.19 billion.

June exports

In June, up to its third week, Secex found a 28.7% increase in Agriculture and Livestock exports, totaling US$ 4.4 billion. There was a drop of 12.6% in remittances from the Extractive Industry, which reached US$ 4.71 billion. On the other hand, the Processing Industry increased shipments in the month, with a growth of 47.1%, reaching US$ 10.68 billion.

The agricultural sector expanded exports mainly with the sale of unground corn, except sweet corn (998.4%), unroasted coffee (104%), and soybeans (19.6%). On the Extractive Industry side, the highlights were the increases in other crude minerals (128.4%); coal, whether or not in powder form but not agglomerated (123,486.9%); and crude petroleum or bituminous mineral oils, crude (23.4%).

For the Processing Industry, the main driving forces were the increased sales of fresh, chilled, or frozen beef (61.3%); soybean meal and other animal feed (excluding unmilled cereals), meat and other animal meal (58.6%), and fuel oils from petroleum or bituminous minerals (excluding crude oils) (135.1%).

June Imports

The performance of imports in June is up in the three sectors, with increases of 21.8% in Agriculture, totaling US$ 320 million; 122.8% in the Extractive Industry, which reached US$ 1.22 billion; and 23.5% in the Processing Industry, which reached US$ 11.47 billion.

In Agriculture, growth was mainly driven by the landings of unmilled wheat and rye (65.6%), barley, unmilled (13,755.6%), and non-oleaginous fruits and nuts, fresh or dried (92.7%).

The Extractive Industry expanded purchases of other ores and base metal concentrates (84.6%); coal, whether or not in powder form but not agglomerated (517.2%) and crude petroleum or bituminous mineral oils, crude (61.3%).

For the Processing Industry, Secex saw growth in the entry of petroleum fuel oils or bituminous minerals – except crude oils – (54.6%); chemical fertilizers or fertilizers – except raw fertilizers – (169.5%) and thermionic valves and tubes, cold cathode or photo-cathode, diodes, transistors (61.3%).

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