Brazil’s trade balance shows a surplus of US$7.53 billion for the year

Exports this year already total $54.35 billion, with an increase of 24.1%, while imports increased by 25.1% and totaled $46.81 billion.| Photo: Gelson Bampi/Fiep System

Brazil’s trade balance recorded a surplus of $7.53 billion for the year, up to the second week of March, with an increase of 18.4% on daily average compared to the same period between January and March 2021. The sum of exports and imports reaches 101.16 billion dollars in 2022, an increase of 24.5%. Exports this year already total $54.35 billion, with an increase of 24.1%, while imports increased by 25.1% and totaled $46.81 billion. The data was published on Monday (14) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy.

In the March cumulative result, exports increased by 38.2% and totaled $11.70 billion, while imports increased by 30.3% and totaled $8.10 billion. The result shows a surplus of $3.60 billion over the period.

The daily average of exports in March, recorded until the second week of this month, reached 1.462 billion dollars, a growth of 38.2% compared to the same period last year, putting the focus on Mining (+21.4%), Manufacturing (+48.3%) and Agriculture (+39.3%) sales.

In imports, the daily average through the second week of March was $1.012 billion, 30.3% above the value recorded in March last year ($776.75 million). During this period, there was an increase in purchases by the Processing Industry (+32.9%) and Extractive Industry products (+36.8%). On the other hand, purchases from Agriculture fell slightly (-0.4%).

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