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28/08/2017 - 17:46hs

Brazil runs USD 2.1 billion trade surplus

In the fourth week of August, exports came out to USD 5.145 billion and imports clocked in at 2.991 billion, according to the Brazilian Ministry of Industry, Foreign Trade and Services.

São Paulo – With exports coming out to USD 5.146 billion and imports amounting to USD 2.991 billion, Brazil ran a USD 2.154 billion surplus in trade during the fourth week of August, the Brazilian Ministry of Industry, Foreign Trade and Services reported this Monday (28).

With four business days to go before the end of the month, the month-to-date surplus is USD 4.696 billion, the result of USD 16.189 billion in exports and USD 11.493 in imports. The year-to-date surplus is USD 47.206 billion, with exports reaching USD 142.66 billion and imports adding up to USD 95.454 billion.

Last week, average exports per day were up 15.4% year-on-year to USD 852,100 per business day, with sales increasing in all product categories: 24.5% for basic goods, 9.5% for finished goods and 8.3% for semi-finished goods.

The increase in foreign sales of basic goods was driven by soybeans, maize, crude oil, beef, pork, poultry and copper ore. Semi-finished exports were driven by wood pulp, semi-finished iron and steel products, raw sugar, ferroalloys and timber. Finished goods exports increased on the back of automobiles, flat-rolled iron and steel, fuel oils, non-frozen orange juice, earthmoving machinery and general machinery.

Average daily imports were up 8.3% year-on-year last week, to USD 604.9 million, driven by fuel and lubricants, iron and steel products, fertilizers, rubber and rubber products, automobiles and automobile parts, and customer electronics.

*Translated by Gabriel Pomerancblum

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