Brazil’s trade balance has registered the best balance in history for August since 1989, boosted by the harvest of several grains, and the valorization of ores. Last month, the country exported USD 7.6 billion more than imported. The balance is 31.7% higher than in August 2020. Exports widened to US$ 27.2 billion, an increase of 49.2% over August 2020, according to the daily average criterion. Imports totaled US$ 19.5 billion, up 34.4% in the same comparison. The shipments increased by 8.7%, according to the Ministry of Economy, while prices rose about 41.7% compared to the same month last year. Brazil’s trade surplus widened to US$ 52 billion in the first eight months of the year. The result is 45.7% higher than in the same months of 2020 and is also the highest in the historical series for the period. Imports of agricultural products increased by 26.7% in August compared to the same period last year.
Source: Canal Rural (*Translated by Ia Niani)