São Paulo – Brazil posted a trade surplus again in the second week of November at USD 1.121 billion, driving the month- and year-to-date surpluses to USD 1.442 billion and USD 39.966 billion respectively, the Brazilian Ministry of Industry, Foreign Trade and Services said this Monday (14).
Exports from Brazil reached USD 3.938 billion in the second week of November, with imports at USD 2.817 billion. Average daily exports were up 7.1% in week two from week one to USD 787.6 million, with imports down 10.4% to USD 563.3 million.
The increase in foreign sales was driven by basic goods, up 19.4% in week two, particularly crude oil, soy bran, tobacco, soy and maize; and by semi-finished goods, up 8.9% and driven by raw sugar, wood pulp and ferroalloys.
Finished goods exports slid 6.2% on the back of weaker sales of autos, auto parts, auto engines and engine parts, refined sugar, and plastic polymers.
The decline in imports was driven by fuels and lubricants, consumer electronics, mechanical equipment, autos, plastic and plastic products.
In weeks one and two of November, average daily exports climbed 11.2% from the year-ago period to USD 768 million. Average daily imports dropped 6.8% to USD 587.8 million.
*Translated by Gabriel Pomerancblum
