Trade balance registers US$1.1 bn deficit for first week of February

Data released on Monday, February 8, by the Ministry of Economy indicate that the Brazilian trade balance registered a deficit of US $ 1.152 billion in the first week of February. In the period, exports totaled US$ 3.667 billion and imports totaled US$ 4.819 billion. When considering the average value per business day, exports fell by 15.3% compared to February 2020 and imports increased by 30.9%.

It is worth remembering that in January, the Brazilian trade balance also registered a deficit, of US$ 1.125 billion.

Exports

The drop in exports was mainly driven by the reduction in fruit and nut exports (-13.4%); unroasted coffee (-39.5%); and soy (-100%).

Agricultural products fell the most (-59.7%), whereas the sale of items from the manufacturing industry fell 11.9% and extractive industry exports registered a 5.2% increase.

Imports

The increase in imports was driven by the purchase of unground corn (154.9%); raw or roasted cocoa (183.7%); stone, sand, and gravel (34.3%); chemical fertilizers or organic fertilizers (92.2%); and aluminum (175.8%).

Regarding performance by sector, there was a 34.9% increase in imports of products from the manufacturing industry. On the other hand, purchases of agricultural products fell 1.9% and purchases of extractive products fell 17.6%.

Sharing is caring!