Brazil’s trade surplus up 68.7% year-on-year in July
Brazil’s trade balance in July reported a surplus of US$9.035 billion, marking a 68.7% increase from July 2022, as announced by the government.
The pronounced drop in imports contributed to this rise.
Export values slightly declined by 2.6% compared to last year, summing to US$29.062 billion in July, while import values drastically fell by 18.2%, amounting to US$20.027 billion, as per the Ministry of Development, Industry, and Trade data.
Brazil’s cumulative trade surplus for the first seven months reached a record US$54.1 billion, up 36.6% from January-July 2022.
During this period, exports increased marginally by 0.4%, amounting to US$194.742 billion, whereas imports decreased by 8.9% to US$140.642 billion.
The government expects a trade surplus of US$84.7 billion for this year, indicating a year-on-year increase of 37.7%.
The minor rise in exports for the first seven months was propelled by agricultural products, which saw a 6.1% increase, amounting to US$49.9 billion.
In contrast, mineral products exports and industrial exports decreased by 3.8% and 0.8%, respectively.
A significant contributor to the rise in sales was a 24.8% increase in exports to Argentina, amounting to US$11.05 billion.
Sales to China grew by 7.0%, amounting to US$59.64 billion, reaffirming China as Brazil’s leading trade partner.
Imports from China, the United States, and Argentina fell by 10.7%, 23.0%, and 3.5%, respectively, while imports from the European Union grew by 12.2%, totaling US$27.61 billion.
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+1.38%
209,066.90
+1.38%
66,048.57
+1.63%
11,044.42
+0.18%
2,828,027
-0.16%
2,531.15
+0.21%
59,610.00
+2.26%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 209,066.90 | +1.38% | +21.85% | 206,220.24 | 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 |
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