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24/07/2017 - 17:24hs

Brazil sees USD 2.2 billion trade surplus

Such was the amount by which exports outpaced imports in Brazil during the third week of July. Average daily exports increased, while average daily imports went down.

São Paulo – Brazil posted a USD 2.2 billion trade surplus last week, the result of USD 5.2 billion in exports and USD 3.07 billion in imports. The figures for the third week of July were released this Monday (24) by the Brazilian Ministry of Industry, Foreign Trade and Services.

Exports averaged USD 1.05 billion a day, up 23.2% from USD 856.8 million in the second week of the month.

The growth was driven by a 54% hike in sales of finished goods including an oil rig, ethanol, refined sugar, taps, valves and their parts, and wire rod.

Basic goods exports climbed by 7.8%, on the back of crude oil, maize, soybeans and bran, and rice. Semi-finished goods exports were down 3.3%, with weaker sales of semi-finished iron and steel products, raw soy oil, wood pulp, leather and hides.

Average daily imports slid by 1% in week three compared with the average for weeks one and two, with purchases easing for fuels and lubricants, fertilizers, plastic and plastic products, mechanical equipment, cereals, and milling industry products.

Month-to-date through the third week of July, exports from Brazil reached USD 13.8 billion, with imports adding up to USD 9.2 billion and leading to a USD 4.5 billion surplus. Year-to-date, the surplus came out to USD 40.7 billion, with exports at USD 121.5 billion and imports at USD 80.7 billion.

*Translated by Gabriel Pomerancblum

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