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15/01/2018 - 18:35hs
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Trade surplus hits USD 983 million

The second week of the year saw USD 4.120 billion in exports and USD 3.128 billion in imports, the Brazilian Ministry of Industry, Foreign Trade and Services said.



São Paulo – With exports coming out to USD 4.120 billion and imports reaching USD 3.128 billion, Brazil ran a USD 983 million trade surplus in the second week of the year, the Brazilian Ministry of Industry, Foreign Trade and Services said this Monday (15).

Average daily exports were up 11.5% in the second from the first week of the year – from USD 738.9 million to USD 824.1 million. Compared with USD 677.6 million in the second week of January 2016, average daily exports climbed 16%.

The Ministry said finished goods exports were up 19.5% year-on-year, driven by faucets, valves and parts, aircraft engines and turbines, flexible iron and steel pipes, aircraft, aluminum oxides and hydroxides, and earthmoving machinery and equipment. Basic goods exports were up 17.2%, on the back of crude oil, maize, soybeans, raw cotton, beef, and manganese ore. Semi-finished goods exports climbed 6.3%, driven by wood pulp, semi-finished iron and steel products, cast iron, ferroalloys, copper cathodes and raw aluminum.

Average daily imports were up 2.7% in the second from the first week of January. Year-on-year in the second week of January, imports were up 11.8%, driven by organic and inorganic chemicals, automobiles and auto parts, iron and steel products, plastic and plastic products, and customer electronics.

Year-to-date through the second week of January, Brazil ran a USD 1.494 billion trade surplus, with exports reaching USD 7.076 billion and imports amounting to USD 5.581 billion.

*Translated by Gabriel Pomerancblum

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