BRAZIL TRADE BALANCE SURPLUS TOTALS US$ 1.738 BLN IN THE 2ND WEEK OF MAY

In the second week of May, Brazil’s trade balance showed a surplus of US$1.738 billion, driven by exports totaling US$7.224 billion and imports of US$5.486 billion, as reported by the Foreign Trade Secretariat. This marks an increase from the previous week’s surplus of US$1.467 billion. For May up to the 12th, the surplus reached US$3.205 billion, contributing to the year-to-date positive balance of US$30.940 billion. Exports grew by 8.2% compared to May 2023, with notable increases in live animals, coffee, and raw cotton. Imports also surged, with notable rises in wheat, fruits, and soybeans. The manufacturing industry saw significant export growth, while agriculture and the extractive industry witnessed notable import increases.
Source: Folha Vitória / Datamar News