The World Trade Outlook Indicator, measured by the organization, is at 98.6 points, the lowest level since October 2016, which signals a possible slowdown in 2018’s last months.
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The organization plans to present a study to president-elect Jair Bolsonaro on the growth potential of trade between Brazil and the Arab countries.
The month registered a trade surplus of USD 6.121 billion, up 17.9% over the same period of 2017. Exports in the month totaled USD 22.226 billion, with imports reaching USD 16.105 billion.
The surplus is the result of last week’s USD 5.4 billion in exports and USD 3.4 billion in imports.
The figure was the result of USD 4 billion in exports and USD 2.9 billion in imports, registered in four business days.
The country saw a USD 12.5 billion trade deficit from January to July. Both imports and exports went up in the period.
From January to July of this year, the country’s foreign purchases totaled USD 5.2 billion.
Foreign sales from Brazil reached USD 703 million, down 3.3% from a year ago.
The Brazilian state-run oil company began purchasing aviation fuel and diesel oil from abroad to make up for reduced supply resulting from a fire in its Paulínia refinery.
Foreign sales from Brazil were down 2.6%, while purchases were up 11.7%. The resulting trade surplus exceeded USD 1 billion.
Purchases of chemical products reached USD 15.6 billion from January through May in Brazil. The trade deficit is causing concern in the local industry.
The forecast points to a USD 50 billion trade surplus in 2018.
