Brazil’s Trade Surplus Reaches $1.4 Billion in October
Brazil’s economy showed strong performance in the second week of October 2024. The country’s exports reached $7 billion, while imports totaled $5.6 billion.
This resulted in a trade surplus of $1.4 billion for the week. The total trade flow amounted to $12.6 billion, according to official data.
The Foreign Trade Secretariat of the Ministry of Development, Industry, Trade, and Services provided these figures. For the entire month so far, exports have totaled $12.5 billion. Imports, on the other hand, reached $10.1 billion.
This created a positive balance of $2.4 billion and a trade flow of $22.7 billion. Looking at the year-to-date numbers, Brazil’s exports have reached an impressive $268 billion.
Imports for the same period totaled $206.5 billion. This resulted in a trade surplus of $61.5 billion and a total trade flow of $474.5 billion.
The daily average for exports in the first two weeks of October stood at $1.393 billion. For imports, the daily average was $1.128 billion. Compared to the same period last year, the trade flow grew by 5.5%.
A closer look at different sectors reveals some interesting trends. The agricultural sector saw a decrease in exports of $66.41 million, or 21.7%.
The extractive industry experienced a slight increase of $0.49 million, or 0.1%. The manufacturing industry grew by $44.08 million, representing a 5.9% increase.
On the import side, the agricultural sector grew by $2.42 million, or 14.4%. The extractive industry, however, saw a decrease of $9.05 million, equivalent to 11.2%.
The manufacturing industry showed significant growth, increasing by $160.18 million, or 18.4%. These figures demonstrate Brazil‘s robust trade performance.
The country continues to maintain a healthy trade surplus. This balance supports economic stability and growth, benefiting both businesses and consumers alike.
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Brazil — Live Market Board
+0.46%
183,827.59
+0.46%
65,071.30
+0.20%
11,055.91
-0.73%
2,782,561
-0.59%
2,558.92
-0.79%
60,220.45
+0.32%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 183,827.59 | +0.46% | +21.85% | 182,991.13 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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