logo_anba_en logo_camera_en
01/08/2017 - 18:40hs

Exports to Middle East up 12%

Sales from Brazil to the region came out to USD 974 million In July, with imports amounting to USD 261 million. Overall, Brazil’s trade surplus was the highest on record for the month.

São Paulo – Exports from Brazil to the Middle East increased by 12.2% year-on-year in July to USD 974 million, the Brazilian Ministry of Industry, Foreign Trade and Services reported this Tuesday (1).

Year-to-date through July, USD 6.6 billion worth of goods were sold from Brazil to the Middle East countries, up 23.3% from a year ago. The Middle East’s share of total exports from Brazil climbed from 5% in the first seven months of 2016 to 5.2% from January to July 2017.

Ministry numbers show that the top-selling goods were raw sugar, maize, chassis and motors, soy, beef, semi-finished gold, cast iron pipes, iron ore and plastic polymers.

Imports from Brazil to Middle East nations also went up, both in July (by 17.1% to USD 261 million) and year-to-date through July (by 7.8% to USD 2.277 billion). In July, imports increased for potassium chloride, fertilizers, crude oil, plastic polymers, natural gas, Sulphur, urea, raw aluminum, non-fabrics and raw lead.

All-time high

Overall, Brazil saw a USD 6.3 billion trade surplus in July, the best result for the month since record-keeping began in 1989. The surplus came as a result of USD 18.769 billion in exports and USD 12.471 billion in imports.

Average daily exports were up 14.9% in July, with a 19% increase in basic goods exports, a 12.6% increase in finished goods exports, and an 8.7% increase in semi-finished goods exports.

Basic goods sales were driven by maize, copper ore, crude oil, beef, iron ore, pork, poultry, tobacco and soy.

The highlights in finished goods exports were fuel oil, tractors, earthmoving machinery, automobiles, chassis and motors, cargo vehicles, auto parts, flat-rolled iron and steel, pneumatics, aluminum oxides and hydroxides, and vehicle engines and parts.

Semi-finished goods exports were fueled by sales of raw soya oil, semi-finished iron and steel products, cast iron, timber, semi-finished gold, wood pulp and ferroalloys.

Average daily imports to Brazil were up 6.1% year-on-year in July. The Ministry reported an increase in purchases of fuel and lubricants, intermediate goods, and consumer goods, while capital goods imports declined.

Year-to-date through July, Brazil ran a USD 42.514 billion surplus, with exports adding up to USD 126.479 billion and imports coming out to USD 83.965 billion.

*Translated by Gabriel Pomerancblum

Send by Email


Your comment will be sent to a moderator before being published.