Brazil's trade surplus reached $1.5 billionStaff Writer | July 20, 2016
Brazil registered $1.511 billion trade surplus last week, thanks to $4.409 billion in exports and $2.898 billion in imports, according to the Ministry of Industry, Foreign Trade and Services (MDIC).
LatAm economy Brazil earned $4.409 billion from exports
Foreign sales of basic goods declined, especially soy beans, iron ore, crude oil, soy bran, and beef and pork. Exports of semi-finished products also declined, notably ferro-alloys, hides and skins, copper cathodes, wood logs and crude soy bean oil.
The daily average of imports declined 0.3% in comparison to July’s average up until the second week. There was a decrease in purchases of mechanical equipment, electronics, organic and inorganic chemicals, auto and auto parts, plastics, and organic and inorganic fertilizers.
In the month, exports totaled $9.384 billion and imports, $6.383 billion, which resulted in a surplus of $2.999 billion. By the daily average, foreign sales increased 5.9% over last year’s July, and imports declined 17.3% in the same comparison.
Year-to-date, exports totaled $99.636 billion and imports, $72.986 billion. On the year, there’s a surplus of $26.651 billion. ■