Trade balance registers surplus of 64.4% and reaches US$ 34.28 bi YTD

In the third week of June, the trade balance registered a surplus of US$ 34.28 billion in the accumulated result for the year, increasing 64.4% in the daily average YoY. The trade flow (sum of exports and imports) reached US$ 219.76 billion, a growth of 31.2%.

Exports in 2021 totaled US$ 127.02 billion, an increase of 34.9%, while imports rose 26.5% to US$ 92.74 billion. The data were released this Monday (21/6) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy.

In the accumulated result for the month, exports grew 69.9% and totaled US$18.38 billion, while imports rose 65.2% to US$11.23 billion. As a result, the trade balance registered a surplus of US$ 7.15 billion, an increase of 77.7%, and the trade flow reached US$ 29.61 billion, increasing 68.1%.

In the third week of June alone, exports totaled US$6.758 billion, while imports totaled US$4.194 billion. Thus, the trade balance registered a surplus of US$ 2.564 billion and the trade flow reached US$ 10.952 billion.

Exports in the month

Comparing the daily average up to the third week of this month (US$ 1.413 billion) with that of June 2020 (US$ 832.33 million), exports grew 69.9% due to the increased exports in the extractive industry (183.1%), manufacturing industry (45.8%) and agriculture industry (37.9%).

In the extractive industry, the highlights for the increase in exports were sales of iron ore and its concentrates (+171.5%); crude oils from petroleum or bituminous minerals, crude (+235.7%); copper ores and concentrates (+51.5%); stone, sand, and gravel (+165.8%); and other raw minerals (+52.6%).

In the manufacturing industry, growth was driven by sales of petroleum fuel oils or bituminous minerals, except for crude oils (+123.3%); soy meal and other animal feed, excluding unground cereals, meat, and other animal meal (+48.8%); semi-finished products, ingots and other primary forms of iron or steel (+86.2%); fresh, chilled or frozen poultry meat and its edible offal (+46.0%); and sugars and molasses (+24.4%).

Among agricultural products, the rise in exports mainly reflected the growth in sales of soy (+37.2%); unroasted coffee (+58.3%); raw cotton (+140.5%); raw wood (+1,143.1%); and non-oil, fresh, or dried fruits and nuts (+47.5%).

Imports in the month

In imports, the daily average until the third week of June 2021 (US$863.78 million) was 65.2% above the average of June last year (US$522.72 million). In this comparison, the main increases were imports in manufacturing (+68.8%), agriculture (+60.0%), and extractive (+47.8%) industry products.

Sharing is caring!