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16/02/2018 - 12:45hs

Exports from Brazil pick up as February begins

In the first two weeks of the month, revenue from foreign sales averaged USD 1.07 billion a day, up 21.8% from a year ago and leading to a trade surplus.

São Paulo – Exports from Brazil picked up early on in February. Average daily revenue climbed 21.8% in the first two weeks of the month from a year ago, to USD 1.07 billion. The first fifteen days of February 2017 had seen foreign sales average much less at USD 859.4 million.

The numbers were made public by the Brazilian Ministry of Industry, Foreign Trade and Services on Thursday afternoon (15). Overall exports from Brazil came out to USD 7.3 billion in weeks one and two of February, with imports amounting to USD 4.6 billion and leading to a USD 2.6 billion trade surplus.

Average daily exports of finished and semi-finished goods went up, while basic goods exports went down. Finished goods accounted for the bulk of revenue, at USD 576 million a day, followed by basic goods at USD 322.5 million and semi-finished goods at USD 128 million.

Finished goods exports were primarily driven by the sale of an oil rig, and by a hike in ceramic tiles and facing, gasoline, frozen orange juice, flexible iron and steel pipes, tractors, and cast iron pipes. Finished goods sales soared by 87% year-on-year.

Average daily foreign sales of semi-finished goods were up 4.5% on the back of products including wood pulp, raw soya oil, semi-finished iron and steel, raw palm oil, wood, and copper cathodes. Basic goods exports dropped by 21.2% on average per day as a result of a drop in sales of raw oil, soybeans, iron ore, poultry and pork, and coffee beans.

Imports averaged USD 679.8 million a day, up 10.6% year-on-year and driven by organic and inorganic chemicals, vehicles and parts, optics and precision instruments, plastic and plastic products, and electronics.

Year-to-date through the second week of February, exports from Brazil reached USD 24.2 billion, with imports reaching USD 18.8 billion and yielding a USD 5.3 billion surplus in trade.

*Translated by Gabriel Pomerancblum

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