Brazil registers a surplus in second week of March
Exports generated USD 4.9 billion and imports totaled USD 3.1 billion, with a surplus of USD 1.725 billion in foreign trade.
São Paulo – Brazil has registered a surplus in the second week of March. According to data provided by the Ministry of Industry, Foreign Trade and Services (MDIC) this Monday (13), the surplus stood at USD 1.725 billion, the result of USD 4.868 billion in exports and USD 3.142 billion in imports.
With this result, March has now a surplus of USD 2.42 billion so far, with USD 7.268 billion in exports and USD 4.848 in imports. Year-to-date, shipments totaled USD 37.649 billion and foreign purchases reached USD 27.95 billion, resulting in a surplus of USD 9.699 for Brazilian foreign trade.
In March, if compared to the same period of 2016, exports increased 25% by the daily average, which reached USD 908.5 million.
The MDIC highlighted that all three product categories registered an increase: basic goods went up 43.1%, driven by iron ore, crude oil, soy, soy bran, pork and poultry and copper ore; semi-finished goods surged 13.6%, driven by iron and steel semi-finished products, semi-finished gold products, ferro-alloys, synthetic rubber, hides and skins; finished products climbed 7.1%, driven by cars, cargo vehicles, fuel oils, iron and steel flat-rolled products and cast iron tubes.
Imports went up 15.3% in the same comparison, reaching a daily average of USD 606 million. The ministry said that the increase in purchases of electronics, steel products, plastics and products, organic and inorganic chemicals, fuels and lubricants.
*Translated by Sérgio Kakitani