Inflated prices of products such as fertilizers and oil increased Brazilian imports in July, diminishing the positive trade balance.
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In addition to the increase in exports and imports, Brazil is expected to see a record-high surplus in foreign trade. According to the Brazilian Foreign Trade Association, which made the forecast, the results will primarly come from the rise in commodity prices.
In January, Brazil’s revenue from exports to the Arabs climbed 74% from a year ago.
Professor and researcher Marcos Jank expects Arab nations to overtake the European Union in imports of farm and livestock products from Brazil soon. He discussed the topic in a TV show on channel Terra Viva.
Year-to-date through November, imports grew by 5.3% from a year ago, to USD 5.058 million.
Brazilian trade balance registered exports in USD 3.9 billion and imports in USD 3.3 billion in the third week of February. Balance was positive USD 608 million positive.
In the first two weeks of February, with six working days, Brazil registered USD 4.8 billion in exports and USD 3.8 billion in imports.
Positive balance is the result of USD 3.62 billion in exports and a little more than USD 3 billion in imports.
Brazilian exports reached USD 3.536 billion, and the imports USD 5.521 billion. Negative balance was USD 1.985 billion.
Exports came out to USD 3.86 billion and imports hit USD 1.97 billion in the first week of January in Brazil.
Foreign sales from Brazil reached USD 239.5 billion in 2018, a 9.6% increase over 2017. Imports grew 19.7%, reaching USD 181.2 billion. The balance stood at USD 58.3 billion positive, the second highest value.
The second highest surplus on record for a November came as a result of USD 21 billion in exports and USD 17 billion in imports.
Brazil exported USD 19 billion in goods, with imports coming out to USD 14 billion, the Brazilian Ministry of Industry, Foreign Trade and Services said this Monday (1).
Brazil’s foreign purchases were up 42.7% year-on-year in July, whereas foreign sales increased by 16.4%. As a result, the country’s trade surplus grew 32.7% narrower.