Brazil’s trade balance posts record surplus of US $ 61 billion in 2021

In 2021, exports totaled US $ 280.4 billion. Imports totaled $ 219.4 billion | Photo credit: Diego Baravelli / MInfra

Brazil’s trade balance recorded a record surplus of US $ 61 billion in 2021. The data was released on Monday (3) by the Foreign Trade Secretariat (Secex) of the Ministry of the Economy. This figure is 21.1% higher than in 2020, when the country’s trade balance recorded a surplus of $ 50.4 billion. The amount also surpassed the previous record of US $ 56 billion reached in 2017.

In 2021, exports totaled US $ 280.4 billion. Imports totaled $ 219.4 billion. In December, the trade surplus was US $ 3.9 billion. “The surplus is the result of a 26.3% growth in exports and a 24% growth in imports,” explained Herlon Brandão, undersecretary of foreign trade intelligence and statistics.

According to the Secretary of Foreign Trade, Lucas Ferraz, the results were obtained by the strong recovery of the world economy, thanks to the increase in vaccination and also tax incentives. “We had a record trade flow of around 500 billion reais in the sum of imports and exports in 2021. Growth of 35.8% compared to the previous year. Surpassing the record of 481.6 billion US dollars in 2011, ”he said. “I would like to underline this number, that it is the indicator of international integration and increase of our productivity, our main objective at the Foreign Trade Secretariat”, declared the secretary.

According to data from the Ministry of Economy, the highlights of this year were the increase in exports in the agricultural sector, with a growth of 22.2%, totaling US $ 55.19 billion; 62.4% increase in extractive industry sector exports, totaling US $ 79.64 billion, and 26.3% growth in exports related to the manufacturing industry sector, totaling US $ 144.07 billion US.

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