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18/12/2017 - 18:03hs
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Imports outpace exports in December

Foreign sales from Brazil climbed 17.8% to date this month, while purchases went up by 23%, leading to a USD 2.3 billion trade surplus month-to-date.



São Paulo – Exports from Brazil amounted to USD 4.618 billion last week, with imports coming out to USD 3.35 billion and leading to a USD 1.268 billion trade surplus, the Brazilian Ministry of Industry, Foreign Trade and Services reported this Monday (18).

Month-to-date, exports reached USD 9.389 billion and imports amounted to USD 7.091 billion, leading to a USD 2.299 billion surplus. Average daily exports climbed 17.8% year-on-year, while average daily imports widened by 23%.

Foreign sales increased for basic, semi-finished and finished goods, including maize, soy brna, oil, cotton, copper ore, gasoline, flexible iron and steel pipes, earthmoving machinery and devices, flat-rolled iron and steel, automobiles, woodchips and particles, semi-finished iron and steel products, ferroalloys, semi-finished gold and wood pulp.

Imports increased for fuels and lubricants, plastics and plastic products, customer electronics, organic and inorganic chemicals, and autos and auto parts.

Year-to-date, exports reached USD 209.54 billion and imports came out to USD 145.238 billion, resulting in a USD 63.302 billion trade surplus for Brazil. The Ministry of Industry, Foreign Trade and Services expects a record-high surplus at USD 65-70 billion by the end of 2017.

*Translated by Gabriel Pomerancblum

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