Brazil’s trade balance at US$1.715 billion surplus in second week of April

The Brazilian trade balance registered a US$1.715 billion surplus and a trade flow of US$5.944 billion in the second week of April 2020 – with only four working days -, as a result of exports worth US$3.829 billion and imports worth US$2.115 billion. This data was released on Monday (13/4) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy.

For the year-to-date, exports totaled US$56.076 billion and imports US$48.004 billion, with a positive balance of US$8.072 billion and a trade flow of US 104.079 billion.

Analysis of the month

On the export side, the daily average up to the second week of April 2020 was 2% higher year-on-year at US$936.41 million, due to increased agriculture exports (+ 71.1%). On the other hand, sales fell in the mining industry (-12.5%) and in manufacturing (-17.2%).

On the import side, the daily average up to the second week of April 2020 was 11% lower than year-ago levels at US$577.9 million. This was due to lower imports of agriculture and livestock (-23.0%) and manufacturing (-11.9%). There was an increase in imports from the mining industry (12.3%).

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