Trace balance surplus rises 24.8% and reaches US$ 57.44 bi YTD

The YTD trade balance reached a surplus of US$ 57.44 billion after the third week of November, an increase of 24.8% in the daily average YoY.  The trade flow (sum of exports and imports) reached US$ 441.48 billion, a growth of 37.1%.

Exports in 2021 rose 35.5% to US$ 249.46 billion while imports rose 39.1% to US$ 192.02 billion. The data were released this Monday (Nov. 22) by the Foreign Trade Secretariat (SECEX) of the Ministry of Economy.

In the accumulated result for the month, exports grew 31.2% and totaled US$ 13.66 billion, while imports rose 65.1% and totaled US$ 14.72 billion. As a result, the trade balance registered a deficit of US$ 1.06 billion, and the trade flow reached US$ 28.38 billion, increasing 46.9%.

In the third week of November alone, exports totaled US$ 4.112 billion, while imports were US$ 4.931 billion, resulting in a deficit of US$ 819 million. The trade flow was US$ 9.043 billion.

Exports in the month

Exports grew 31.2% comparing the daily average up to the third week of this month (US$ 1.138 billion) with that of November 2020 (US$ 867.25 million), driven by an increase in sales in the extractive  ( +13.2%), manufacturing (+38.1%), and agricultural (+34.5%) industries.

Imports in the month

In imports, the daily average until the third week of November 2021 (US$1.226 billion) was 65.1% above the average in November last year (US$742.83 million). In this comparison, purchases increased in manufacturing (+53.3%), agriculture (+77.5%), and Extractive products (+282.1%).

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