São Paulo – Brazil posted a USD 4.56 billion trade surplus in February, the highest since record-keeping started in 1989. Year-to-date through February, another record surplus was recorded at USD 7.3 billion. <\/p>\n
Last month’s surplus was a result of USD 15.472 billion in exports and USD 10.912 billion in imports.<\/p>\n
According to data released by the Ministry of Industry, Foreign Trade and Services this Thursday (2), average daily exports (USD 859.6 million) were 22.4% higher than in February 2016, and up 26.8% from January 2017. <\/p>\n
Foreign sales were driven by basic goods, with a 48.3% increase year-on-year, especially crude oil, iron ore, soy, pork, and poultry. Finished goods exports were up 5.7%, especially for fuel oil, cargo vehicles, automobiles, aluminum oxides\/hydroxides, and plastic polymers. Semi-finished goods exports climbed by 2%, buoyed by cast iron, raw soy oil, semi-finished iron\/steel products, ferroalloys and timber. <\/p>\n
Exports to the Middle East were up 22.6% year-on-year in February, fueled by soy, iron oore, poultry and beef, cast iron pipes, wheat, coffee, petcoke, chassis and motors, and livestock. <\/p>\n
Fuel and lubricants imports drove growth in foreign purchases with a 34.9% increase, followed by intermediate goods, up 16.3%. Imports declined for capital goods (-9.8%) and consumer goods (-4.4%).<\/p>\n
Sales from the Middle East to Brazil widened by 48.3%, with highlights including oil, urea, fertilizers, potassium chloride, aircraft parts, acyclic alcohols, insecticide, aluminum alloys, sulfur, and vegetable seeds.<\/p>\n
*With information from Agência Brasil. Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The result is the highest ever for a February in Brazil since record-keeping began in 1989. The USD 7.3 billion surplus year-to-date through February was also an all-time high for the period.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","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":[],"class_list":{"0":"post-56569","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The result is the highest ever for a February in Brazil since record-keeping began in 1989. The USD 7.3 billion surplus year-to-date through February was also an all-time high for the period.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/56569","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\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=56569"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/56569\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=56569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=56569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=56569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}