There was a decline of 5% over 2015. Factors such as lower oil prices and a smaller maize crop output impacted the performance.
With USD 2.919 billion in exports and USD 2.799 billion in imports, January’s second week registered a trade surplus.
The Moroccan port handled a total of 44,615,849 tons of cargo. The transportation of vehicles, oil and passengers all increased in the period.
Exports went up 7.5% and imports increased 8.5% in the year’s first week, according to data made available by the Brazilian government.
Latin America’s largest port complex, it should handle 120.6 million tons of cargo this year, up 6.3% in comparison to expected results for 2016.
The surplus reached near USD 4.6 billion in Q3 of last year due to the increase in oil prices.
Trade surplus was USD 47.7 billion, with USD 185.2 billion in exports and USD 137.5 billion in imports.
The Brazilian Foreign Trade Association (AEB) forecasts a trade surplus of USD 51.65 billion next year, against the also record-breaking surplus of USD 45.65 billion this year.
The Brazilian Central Bank expects the country to register a trade surplus of USD 44.5 billion this year against the previous forecast of USD 49 billion, due to the decline in exports.
Brazilian exports reached USD 8.785 billion in December’s first three weeks, while imports totalled USD 7.057 billion.
Sales from Brazil to the region totaled USD 935 million last month. The highlights were the shipments of sugar, iron ore, auto, iron and steel pipes and fresh meat.
Sales to the two Arab countries declined year-to-date until November, but overall exports went up 3.6%, according to data provided by Abicalçados, the sector’s association.