Trade balance surplus rises 18.4% and reaches US$ 7.53 billion

The Brazilian trade balance attained a surplus of US$ 7.53 billion in the fiscal year up to the second week of March, representing a rise of 18.4% from January to March 2021. Meanwhile, trade flow (the sum of imports and exports) reached US$ 101.16 billion, a growth of 24.5%.

Exports in 2022 yielded revenue of US$ 54.35 billion, up 24.1%, while imports reached a value of US$ 46.81 billion, a 25.1% increase. These figures were announced on Monday (14/3) by the Ministry of Economy’s Foreign Trade Secretariat (Secex).

In the month-to-date, exports grew 38.2% and totaled US$ 11.70 billion, while imports rose 30.3% and totaled US$ 8.10 billion. The result was a surplus of US$ 3.60 billion, up 60.2%, with a trade flow of US$ 19.80 billion, up 34.9%.

In the second week of March alone, exports totaled US$7.13 billion, while imports totaled US$5.13 billion. Thus, the trade balance was kept at a surplus of US$ 2.00 billion, and the trade flow reached US$ 12.26 billion.

Exports in the month

When comparing the daily average recorded until the second week of March (US$ 1.462 billion) to that of March 2021 (US$ 1.058 billion), we see a 38.2% gain in exports, with increased sales from the Extractive Industry (+21.4%), Manufacturing Industry (+48.3%), and Agriculture (+39.3%).

Imports in the month

In terms of imports, the daily average until the second week of March 2022 (US$ 1.012 billion) was 30.3% higher than the March average (US$ 776.75 million) from the previous year. Purchases of items from the Manufacturing Industry (+32.9 percent) and the Extractive Industry (+36.8 percent) rose in this comparison. On the other hand, agriculture purchases were somewhat lower (-0.4 percent ).

Sharing is caring!