Ministry corrects export data of November and adjusts the balance of the month

The Executive Trade Secretariat of the Ministry of Economy corrected the Brazilian export data recorded in November, increasing the flow of foreign sales accumulated in the month by US$3.8bn compared to what was previously reported.

According to new information released on Thursday (11/28), in the first four weeks of this month the country exported the equivalent of US$13.5bn, compared to US$9.7bn reported earlier.

In a statement, the ministry only said that “inconsistencies related to the transmission and reception of data for processing foreign trade statistics were detected.”

According to the Pasta, updating the data is a normal procedure, but the significant change in November “was caused by an unusual event.”

Export data for the first four weeks of the month were revised. According to the new figures, the balance for the month is over US$2.7bn in surplus. Earlier data pointed to a deficit of $1.10bn, indicating that November was heading towards closing in the negative territory, a situation that had not occurred since November 2014, when there was a deficit of US$2.4bn.

According to the new data, the country accumulates a trade surplus of US$37.6bn in the year through the fourth week of November.

The ministry also said, however, that technicians in the area are still monitoring possible unusual changes in October.

Source: Reuters

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