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Brazilian exports soar

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Staff Writer | October 25, 2017
Brazil is increasingly consolidating itself as an important player in international trade.
Brazilian exports
LatAm   Exports increased markedly in Brazil
Exports increased markedly, by an expressive 39.5%, between the second and third week of October alone.

In total, Brazilian farmers and industries earned $4.58 billion from the sale of products to other countries.

The data was released this Monday (23) by the Ministry of Industry, Foreign Trade and Services (MDIC).

According to the Ministry's survey, the trade balance (i.e. the difference between all that Brazil sold and all that it bought) in the third week of the month had a total surplus of $1.107 billion.

Still according to the data, the best performers in the 'basic goods' category in the period were iron ore, bulk maize, soybeans, crude oil and soybean meal.

Also included in the list are semimanufactured goods made of iron and steel, raw sugar, crude soybean oil, cast iron and ferro-alloys.

There was also a rise in sales of manufactured products, driven by higher shipments of cars, flat iron and steel laminates, earthmoving equipment, aviation parts, taps, valves and parts.