BRAZIL’S TRADE BALANCE SURPLUS TOPS USD 1.7 BLN IN FIRST HALF OF JANUARY

The Brazilian trade balance closed at a surplus of US$ 1.708 billion in the first two weeks of January. Such a value results from exports of US$ 11 billion and imports of US$ 9.292 billion in the fifteen-day period. The daily average of exports from January until the 15th grew 16.8% over January 2022 to US$ 1.10 billion. The rise in shipments was driven by the extractive industry (18.9%), followed by agriculture (17.1%) and the manufacturing industry (16.1%). The daily average of imports fell 1.6% in the first half of January compared to January last year to US$ 929.25 million. As a result, the extractive industry pulled back in purchases (-46.3%). On the other hand, the landing of agricultural products advanced by 24%, while the processing industry imported 5.8% more in the period.

Sources: Valor Econômico/Datamar News