Brazilian trade posts positive balance of US$6.7 billion in November
On Thursday (Dec. 1), the Foreign Trade Secretariat of the Ministry of Economy announced that Brazil’s trade balance registered a surplus of US$6.67 billion in November this year.
According to the federal government, in November:
- Exports totaled US$28.16 billion; and
- Imports, US$21.49 billion.
The balance disclosed by the Ministry of Economy represents a high of 709.1% in nominal compared with the same month in 2021, when the balance had a deficit of US$1.1 billion.
The accumulated trade balance between January and November is positive at US$58.02 billion.
The value represents an increase of 1.08% compared to last year’s period.
In 2021, the surplus totaled US$57.4 billion. Based on the daily average, which considers only working days, the increase was 0.7%.
According to the government, in this year’s 2022 accumulated, Brazilian exports totaled US$308.82 billion, and imports totaled US$250.79 billion, in rounded values.
The accumulated value for the year is higher than the projection made in September by the Ministry of Economy when the ministry estimated that the trade balance would end the year with a positive balance of US$55.4 billion.
In 2021, the Brazilian trade balance recorded a surplus of US$61 billion.
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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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