Brazil Trade Surplus Falls 11% to US$ 33 Billion

    Cargo truck on BR-116

    Cargo truck on BR-116 Exports from Brazil totaled US$ 3.419 billion last week, an increase of 11.96% in comparison with foreign sales in the previous week (US$ 3.010 billion), according to a bulletin disclosed this Monday, October 22, by the Brazilian Ministry of Development, Industry and Foreign Trade.

    Imports were also greater than in the previous week, having risen from US$ 1.950 billion to US$ 2.950 billion, a 33.89% growth rate.

    Thus, the trade balance surplus (exports minus imports) stood at US$ 469 million in the third week of the current month, at an average of US$ 93.8 million per day.

    In the week before, the surplus was much higher, at US$ 1.060 billion, due to the reduction in Brazilian purchases of fuels and lubricants, vehicles and parts, optical and precision instruments, steel industry products, and pharmaceutical products.

    The accumulated surplus in October increased to reach US$ 2.012 billion, and for the year it stands at US$ 32.959 billion, as a result of total exports worth US$ 126.371 billion, and imports of US$ 93.412 billion. In comparison with the accumulated surplus for the year before, there was a 10.7% decrease in trade surplus.


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