Brasília – Brazil ran a USD 968 million trade surplus in the third week of September, the Ministry of Economy reported this Monday (23). Exports came out to USD 4.422 billion and imports amounted to USD 3.454 billion.
Month-to-date exports fetched USD 14.097 billion, with imports coming out to USD 12.101 billion and yielding a USD 1.996 billion surplus. Year-to-date, exports from Brazil grossed USD 162.736 billion, while imports amounted to USD 129.197 billion. The resulting surplus was USD 33.54 billion.
Week three, September saw average exports drop 8.6% from week two. The Ministry reported weaker foreign sales of manufactured goods, including oil rigs, fuel oil, gasoline, flat-rolled iron and steel products, and earthmoving machinery.
Semi-finished goods exports were up, driven by raw sugar, raw cast iron, wood pulp, copper cathodes, ferroalloys, and tin. Basic goods exports increased on the back of sales of crude oil, soybeans, coffee, manganese ore, and raw or trimmed marble and granite.
Imports dropped 20.1%, with slowing purchases of cereals and milling industry products, iron and steel, customer electronics, automobiles and their parts, and fertilizers.
Translated by Gabriel Pomerancblum
