April in Brazil starts with $1.6 bn surplusStaff writer ▼ | April 13, 2016
The Brazilian trade balance’s surplus reached $1.6 billion in the first six business days of April up to last Friday, according to the Secretariat of Foreign Trade (Secex).
Brazilian economy Brazil registered revenues of $4.6 billion with exports
The daily average of exports went up and the value average of imports slid down. Shipments generated revenues of $777.1 million per business day, 2.5% higher than the average of April 2015. Arrivals of imported products totaled $506.5 million per day, 30.9% less than the same month of last year.
Semi-finished products, up 20.2%, contributed the most for exports positive performance. There was an increase in exports of copper cathodes, raw sugar, cast iron, cocoa butter and oil, semi-finished gold, wood pulp, semi-finished products of iron and steel and ferro-alloys.
There was also an increase of 5.1% in the trade of basic goods, especially soy beans, pork and poultry, tobacco and soy bran.
In turn, finished products generated 5.2% less revenues with exports in these first days of the month in comparison to the same period of last year. There was a decline in sales of aluminum oxides and hydroxides, aircrafts, auto parts, electrical engines and generators, engines for vehicles, pumps and compressors, and earth-moving equipment.
The products to drive down imports the most were steel products, fuels and lubricants, auto and auto parts, mechanical equipment, electrical and electronic devices, and rubbers and by-products.
Year-to-date, which includes the period from the beginning of January until the second week of April, exports generated revenues of $45.2 billion to Brazil, with imports generating $34.2 billion. The surplus is at $10 billion. In the same days of last year, there was a deficit of $5.4 billion in the trade balance. ■