Brazilian trade balance shows US$2.56 billion surplus in 3rd week of June

RIO DE JANEIRO, BRAZIL – Brazil’s trade balance registered a surplus of US$2.56 billion in the third week of June, reported the Foreign Trade Secretariat (Secex) of the Ministry of Economy.

The figure is the net result of exports of US$6.76 billion and imports of US$4.19 billion during the period. In June so far, the positive balance was US$7.15 billion and adds up to US$34.275 billion for the year.

The daily average of exports in the first three weeks of June increased 69.9% year-on-year to US$1.41 billion. The acceleration in sales was fueled by a 183.1% growth in shipments from the raw materials industry, followed by a 45.8% increase in the transformation industry and 37.9% in agriculture and livestock.

Imports rose 65.2% year-on-year in the first three weeks of June under the daily average concept to US$863.78 million. The increase in purchases was favored by the development of the processing industry (+68.8%), agriculture and livestock (+60%) and raw materials (47.8%).

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