According to the Foreign Trade Secretariat of the Ministry of Economy, the Brazilian trade balance registered a surplus of US$3.9 billion in October. According to the government, in October: exports totaled US$ 27.3 billion; and imports, US$ 23.4 billion. In nominal terms, the balance is up 85.7% from the same month in 2021, when the balance surplus was US$ 2.1 billion. Compared to the daily average, which only considers working days, the increase was 100%. The market sectors that stood out the most were: agriculture, on the export side, with increased shipments of soybeans and corn; the extractive industry, on the import side, mainly because of fuel purchases. Exports to China, increased in October. The most popular products were beef, sugar, cotton, cellulose, and soybeans.
Sources: G1/Datamar News