São Paulo – Brazil ran a USD 1.12 billion trade deficit last week, with exports fetching USD 4.84 billion and imports at USD 5.96 billion, as per numbers from the Brazilian Ministry of Industry, Foreign Trade and Services. The Ministry pointed out that one oil rig got imported during the week.
Average daily exports were down 20.8% from the previous weeks of November, with weaker shipping of basic, semi-finished and finished goods.
Average daily imports were up 55.4%, with a hike in purchases of fertilizers, aircraft and their parts, fuels and lubricants, mechanical equipment, and organic and inorganic chemicals.
Month-to-date through last week, exports reached USD 17.6 billion, while imports hit USD 13.631 billion. The resulting surplus was USD 3.428 billion. The comparable period in 2017 had seen USD 216.139 billion in exports and USD 165.075 billion in imports, leading to a USD 51.064 billion surplus.
Translated by Gabriel Pomerancblum
