Rio de Janeiro – The increase of 16.5% in prices and of 21.9% in traded volume placed commodities at the top of Brazilian exports in July in comparison to the same month of 2017. Thus, commodities played a big part in the country’s USD 4.2 billion trade surplus of last month.
The data is part of the Foreign Trade Indicator (ICOMEX), released this Tuesday (14) by the Brazilian Institute of Economics of Fundação Getulio Vargas (Ibre FGV). With the result, the indicator ends the year’s first seven months with a USD 34 billion surplus, below the USD 18.5 billion in comparison to the same period of 2017.
According to FGV’s report, in July, “the increase in exports is related to the commodities’ good performance, while imports was impacted by imports of oil rigs by Petrobras and its partners for the pre-salt fields at the Santos basin.”
Translated by Sérgio Kakitani
