BRAZILIAN TRADE BALANCE REGISTERS US$ 1.58 BILLION SURPLUS IN 4TH WEEK OF OCTOBER

The Brazilian trade balance registered a surplus of US$ 1.58 billion in the fourth week of October. Data released this Monday, October 26, by SECEX, the Foreign Trade Secretariat of the Ministry of Economy, indicates that the Brazilian trade balance registered a surplus of US$ 1.58 billion and a trade flow of US$ 7.63 billion in the fourth week of October 2020 as a result of exports worth US$ 4.60 billion and imports of US$ 3.03 billion. In exports, there was an increase of 0.4%, due to the increase in sales of products from the Manufacturing Industry (+ 2.7%) and the Extractive Industry (+ 11.9%). The growth in exports was driven mainly by the increase in sales of the following products from the Manufacturing Industry: Sugars and molasses (+ 133.3%); Aircraft and other equipment, including parts (+ 51.4%); Gold, non-monetary, excluding gold ores and concentrates (+ 31.3%); Alcohols, phenols, phenols-alcohols, and their halogenated, sulfonated, nitrated or nitrosated derivatives (+ 83.0%) and Cellulose (+ 15.3%). In the Extractive Industry, the growth in exports is mainly due to the increase in sales of the following products: Iron ore and its concentrates (+ 45.3%); Copper ores and concentrates (+ 41.1%); and Crude fertilizers, except organic fertilizers (+ 41.8%). For imports, the daily average until the fourth week of October 2020 (US$ 595.22 million) was – 23.1% below the October average of last year (US$ 773.97 million).

Source: Datamar News