Brazil posts $2.2 billion weekly trade surplusStaff Writer | July 26, 2017
Brazil posted a $2.2 billion trade surplus last week, the result of $5.2 billion in exports and $3.07 billion in imports.
LatAm Exports averaged $1.05 billion a day in Brazil
Exports averaged $1.05 billion a day, up 23.2% from $856.8 million in the second week of the month.
The growth was driven by a 54% hike in sales of finished goods including an oil rig, ethanol, refined sugar, taps, valves and their parts, and wire rod.
Basic goods exports climbed by 7.8%, on the back of crude oil, maize, soybeans and bran, and rice. Semi-finished goods exports were down 3.3%, with weaker sales of semi-finished iron and steel products, raw soy oil, wood pulp, leather and hides.
Average daily imports slid by 1% in week three compared with the average for weeks one and two, with purchases easing for fuels and lubricants, fertilizers, plastic and plastic products, mechanical equipment, cereals, and milling industry products.
Month-to-date through the third week of July, exports from Brazil reached $13.8 billion, with imports adding up to $9.2 billion and leading to a $4.5 billion surplus.
Year-to-date, the surplus came out to $40.7 billion, with exports at $121.5 billion and imports at $80.7 billion. ■