São Paulo – Brazil posted a USD 1.01 billion trade surplus last week, the result of USD 3.9 billion in exports and USD 2.89 billion in imports, the Ministry of Development, Industry and Foreign Trade reported this Monday (16th).
Average daily exports were up 4.1% from a week earlier, due to growing sales of basic goods (9.4%), especially soy bran, oil, iron ore, maize, tobacco, cotton and poultry; and of finished goods, especially orange juice, aluminum oxides and hydroxides, flexible iron or steel pipes, tires, aircraft, cargo vehicles and fuel oils.
Semi-finished goods exports dropped 13.7%, led by semi-finished iron or steel products, cast iron, ferroalloys, leather, raw sugar and semi-finished gold.
Average daily imports dropped 19% from a week earlier, driven by lower spending on fuels and lubricants, mechanical equipment, autos and auto parts, chemicals, plastic and optics and precision tools.
Year-to-date in November, Brazilian exports reached USD 6.898 billion, with imports at USD 5.744 billion, leading to a USD 1.154 billion surplus. Average daily exports dropped 2% from November 2014, with average imports plummeting 29.4%.
Year-to-date, Brazil is running a USD 13.3 billion surplus from USD 167.443 billion in exports and USD 154.044 billion in imports.
*Translated by Gabriel Pomerancblum