Brazil’s Trade Balance Surges 104.9% YoY in the 2nd week of May

May, 15, 2023 Posted by Gabriel Malheiros

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Official data released by the Brazilian government on Monday, May 15, show that the country’s trade balance totaled USD 4.16 billion in the second week of May, a growth of 104.9% compared to the same month last year in terms of foreign exchange revenue.

From January to May 2023, the trade balance accumulated US$ 28.06 billion. This is an increase of 26.6%.


Until the second week of the month, exports grew 12%, totaling US$ 13.58 billion.

From January to the second week of May 2023 (YTD), compared to the same period last year, there was an increase of 1.9%, totaling US$ 116.90 billion.

In the period, agribusiness exports added up to US$ 3.95 billion, with a growth of 21%. The highlights observed in May were:

  • Soy: US$ 3.948 billion, up 27.31%
  • Unroasted coffee: $255.55 million, up 6.7%
  • Poultry: US$ 380.64 million, up 11.37%


Imports totaled US$ 9.42 billion, down 6.7% compared to the second week of May 2022. Between January and May 2023, the drop is 4% compared to the same period in 2022, totaling US$ 88.84 billion.

In the period, imports of agricultural commodities fell 36%, thus adding up to US$ 140 million. Some of the items that experienced the biggest retreats in May were:

  • Wheat and Rye, Unground: $39.09 million, down 47.80%
  • Vegetables, fresh or refrigerated: $12.47 million, down 24.35%
  • Whole fish, live, dead, or refrigerated: $23.81 million, down 17.25%.

Source: Money Times e Secex

To read the original news report, go to:

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