The year started with a positive outlook for Brazilian exports, though the international arena remains frail, whether in the geopolitical field, with a possible intensification of tensions between China and the United States, or surprises regarding the Chinese economy, says the report released by the Brazilian Institute of Economics of the Getutlio Vargas Foundation (FGV Ibre). It seems that there will be growth in Brazilian exports in 2023 compared to 2022. However, the performance of Brazilian exports to China will be crucial for the increase in Brazilian exports in 2023. The January trade balance surplus was US$ 2.6 billion, close to the highest value on record for January since 1998, which was US$ 2.7 billion in 2006. “The question is whether a possible increase in exports to China will be sufficient to offset the decline in exports to other markets such as the United States, Argentina, and the European Union,” says FGV Ibre.
Sources: Valor Econômico/Datamar News