{"id":332154,"date":"2023-07-04T10:29:35","date_gmt":"2023-07-04T13:29:35","guid":{"rendered":"https:\/\/anba.com.br\/?p=332154"},"modified":"2023-07-04T10:29:35","modified_gmt":"2023-07-04T13:29:35","slug":"brazil-expects-record-trade-surplus-in-2023","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazil-expects-record-trade-surplus-in-2023\/","title":{"rendered":"Brazil expects record trade surplus in 2023"},"content":{"rendered":"<p>Bras\u00edlia \u2013 A slight increase in <strong>exports<\/strong> and <strong>imports<\/strong> of goods whose prices have declined in recent months led the Ministry of Development, Industry, Trade and Services of Brazil to forecast a record <strong>trade surplus <\/strong>in 2023. Surplus is the positive result of a balance of trade, where a country\u2019s exports exceed its imports.<\/p>\n<p>The second estimate of the year forecasts a surplus of USD 84.7 billion. The forecast is updated every three months. If confirmed, the surplus will be 37.7% higher than 2022\u2019s USD 61.525 billion, the highest result ever posted so far.<\/p>\n<p>The surplus is expected to rise as imports will fall more than exports compared to 2022. The government forecasts USD 330 billion worth of exports this year, down 1.2% from USD 334.1 billion last year. On the other hand, imports are bound to reach USD 245.2 billion, down 10% from USD 272.6 billion in 2022.<\/p>\n<p>According to the ministry, two factors underlie the record surplus in 2023. Firstly, the prices of energy commodities like <strong>oil<\/strong> and items like <strong>fertilizers<\/strong> are on a downward trend after peaking in the beginning of the war between Russia and Ukraine. Secondly, the economic slowdown is expected to cause a decrease in imports due to consumption reduction.<\/p>\n<p>The war between Russia and Ukraine has impacted imports in recent months. Global prices of fertilizers fell 55.2% in June compared to a year earlier. The average price of imported fuels decreased 40.4% year on year. The average price of <strong>wheat<\/strong>, another good Brazil imports large amounts of, fell 18.6%.<\/p>\n<p><strong>Translated by Guilherme Miranda <\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-308424\">Claudio Neves\/Ports of Paran\u00e1<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.<\/p>\n","protected":false},"author":2315,"featured_media":308424,"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":[43462,27711,27715,9561,43464,43463,33433,33719,9562,37690,43461,1880,33440],"class_list":{"0":"post-332154","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-2023-trade-surplus","9":"tag-balanca-comercial-en","10":"tag-exportacoes-en-2","11":"tag-exports-en","12":"tag-fertlizer-imports","13":"tag-fuel-import","14":"tag-importacao-de-trigo-en","15":"tag-importacoes-en","16":"tag-imports-en","17":"tag-superavit-comercial-en","18":"tag-trade-baloance","19":"tag-trade-surplus","20":"tag-wheat-import"},"wps_subtitle":"Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/332154","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=332154"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/332154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/308424"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=332154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=332154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=332154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}