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Brazil posts $522 million trade surplus

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Staff writer ▼ | April 16, 2014
The Brazilian trade balance ran a $522 million surplus in the second week of April. The sum is the result of $4.672 billion in exports and $4.15 billion in imports. Year-to-date, the trade balance is running a $6 billion deficit.
Brazil
BrazilThe Brazilian trade balance ran a $522 million surplus in the second week of April. The sum is the result of $4.672 billion in exports and $4.15 billion in imports. Year-to-date, the trade balance is running a $6 billion deficit.


The information has been released this Monday (14th) by the Brazilian Ministry of Development, Industry and Foreign Trade.

In the second week of April, exports averaged at $934.4 million per day, down 3.3% from the average in the first week, but up 1.1% from the same period in 2013.

The decline in exports during the week was a result of lower sales across three product categories: semi-manufactured goods (-11.4%), basic goods (-3.2%) and manufactured goods (-2.6%). Sales went down for raw and refined sugar, leathers and hides, gold, soybean, oil, pork, maize, fuels and vehicle engines.

Year-on-year, sales of non-industrialized goods were up 7.8%. Exports increased for crude oil, copper ore, pork, coffee, soy and maize. Manufactured and semi-manufactured goods sales were down 7.7% and 3.9%, respectively, driven by sales of automobiles, cargo vehicles, auto parts, soy oil and raw sugar.

Imports averaged at $942.6 million per day, up 2.2% from March 2014 and down 4.1% from the same period in 2013. Month-on-month, imports increased for fuels and lubricants, steel products, fertilizers, optics and precision instruments and organic and inorganic chemicals. Year-on-year, imports declined for fertilizers, autos and auto parts, fuels and lubricants, and pharmaceuticals.


 

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