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26/06/2017 - 17:13hs

Week’s trade surplus was nearly USD 1.8 billion

Last week saw exports reach USD 4.88 billion and imports reach USD 3.126 billion, according to the Brazilian Ministry of Industry, Foreign Trade and Services.

São Paulo – Brazil registered a USD 1.753 billion trade surplus in the fourth week of June, the Brazilian Ministry of Industry, Foreign Trade and Services reported this Monday (26). Exports amounted to USD 4.88 billion and imports stood at USD 3.126 billion last week.

According to the ministry, revenue averaged at USD 975.9 million per business day, up 4.5% from the average through the third week of June. Finished goods exports slid 10.7% with weaker sales of flexible iron and steel pipes, cargo vehicles, automobiles, refined sugar, plastic polymers, and aluminum oxides and hydroxides.

Basic goods exports climbed 18.8% driven by crude oil, poultry and pork, copper ore, iron ore and soybeans. Semi-finished goods exports were up 1.1% on the back of semi-finished iron and steel, raw aluminum, raw sugar, copper cathodes and wood pulp.

The Ministry said average daily imports were up 2.8% last week from the first three weeks of June, to USD 625.3 million. Imports increased for beverages and alcohol, autos and auto parts, cereals and milling industry products, fertilizers and mechanical equipment.

Exports reached USD 15.154 billion month-to-date and imports amounted to USD 9.820 billion, leading to a USD 5.334 billion surplus for Brazil in June. Exports came out to USD 103.081 billion year-to-date, with imports totaling USD 68.722 billion, yielding a USD 34.359 billion surplus.

*Translated by Gabriel Pomerancblum

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