São Paulo – Brazilian trade balance started August on a deficit. According to data from the period between the 1st and 10th of August disclosed this Monday (11th) by the Ministry of Development, Industry and Foreign Trade (MDIC), the deficit amounted to US$ 336 million. During the ten first days of the month, Brazilian exports amounted to US$ 5.455 billion, averaged at US$ 909.2 million per day, down 6.6% August on August.
According to the MDIC, during the first ten days of this month, manufactured goods sales were down 21% and semi-manufactured goods, down 8.8%. Among the manufactured goods, the main declines could be seen in the shipments of automobiles, planes, cargo vehicles, refined sugar, engines and generators, earth leveling machines, auto engines and parts, and tractors. Semi-manufactured goods saw a reduction in the shipment of semi-manufactured gold, raw sugar and wood pulp.
Base goods exports, in turn, increased by 2.9% during the first ten days of August when compared to the same month last year. According to the MDIC, exports of crude oil, copper ore, soy bran, coffee beans, meat, pork and poultry increased.
Imports increased in the beginning of August and reached US$ 5.791 billion, averaged at US$ 965.2 million per day. These daily figures pose an increase of 5.1% August on August. Among the products, imports of oil and lubricants are up 50.3%m cereals and milling products were up 40.2%, steel products, up 22.6%, organic and inorganic chemicals, up 7.3% and pharmaceuticals, were up 5.1%.
Year
According to the partial results of August disclosed by the MDIC, year-to-date trade balance is posting a deficit of US$ 1.255 billion. At the same period last year, the deficit stood at US$ 4.381 billion. Brazil’s trade flow this year is amounting to US$ 279.275 billion, averaged at US$ 1.849 billion per day, down 1.9% year-on-year.
*Translated by Rodrigo Mendonça
