{"id":251296,"date":"2019-07-01T19:31:54","date_gmt":"2019-07-01T22:31:54","guid":{"rendered":"https:\/\/anba.com.br\/?p=251296"},"modified":"2019-07-01T20:03:15","modified_gmt":"2019-07-01T23:03:15","slug":"govt-revises-up-brazilian-trade-balance-forecast","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/govt-revises-up-brazilian-trade-balance-forecast\/","title":{"rendered":"Gov\u2019t revises up Brazilian trade balance forecast"},"content":{"rendered":"<p>Bras\u00edlia \u2013 The Brazilian government increases the projected trade balance surplus this year from USD 50.1 billion to USD 56.7 billion. Revised every three months, the estimate was made public this Monday (1<sup>st<\/sup>) by the <a href=\"http:\/\/www.economia.gov.br\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ministry of Economy<\/a>. In 2018, the country posted a positive trade balance of USD 58.959 billion.<\/p>\n<p>This increase, however, will not occur due to an increase in foreign sales but because both exports and imports will decline from the original projections.<\/p>\n<p>According to the ministry\u2019s Special Secretary of Foreign Trade and International Affairs, exports are expected to end this year with a 2% year-on-year decline. On the other hand, imports are expected to decline 1.9%.<\/p>\n<p>In the exports\u2019 case, the reason is a deceleration of the global market and a decrease of some goods\u2019 prices. Imports will decline because the Brazilian economy is taking longer than expected to recover.<\/p>\n<p>\u201cBrazilian foreign trade expectation is not great not only because of the overall Brazilian economy situation of slow recovery but also because of the global picture. Global economy will have an even lower growth due to a deterioration of foreign trade relations. Brazil obviously experiences the effects of this,\u201d Foreign Trade secretary Lucas Ferraz said.<\/p>\n<p>In Q1 2019, Brazil\u2019s trade balance dropped 9.6% from a year ago, to USD 27.13 billion. This was the lowest surplus for Q1 since 2016.<\/p>\n<p>Year-to-date through June, Brazilian exports reached USD 110.89 billion, a 1.8% decline over a year ago under the daily average concept. Imports, however, increased 0.8% year-on-year, to USD 83.76 billion.<\/p>\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-251293\">Nelson Almeida\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Estimate for 2019 surplus rose from USD 50.1 billion to USD 56.7 billion. However, a decline in both exports and imports is expected.<\/p>\n","protected":false},"author":2315,"featured_media":251293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[27711,22644,9534,4641,9561,4642,9562,9560,2228,573],"class_list":{"0":"post-251296","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-balanca-comercial-en","9":"tag-brasil-en-2","10":"tag-brazil-en","11":"tag-exportacao-en","12":"tag-exports-en","13":"tag-importacao-en","14":"tag-imports-en","15":"tag-secex-en","16":"tag-surplus","17":"tag-trade-balance"},"wps_subtitle":"Estimate for 2019 surplus rose from USD 50.1 billion to USD 56.7 billion. However, a decline in both exports and imports is expected.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/251296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=251296"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/251296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/251293"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=251296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=251296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=251296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}