Image: Adobe Stock
In June 2023, Brazilian exports totaled US$ 30.094 billion, a reduction of 8.1% compared to the same month of the previous year. The drop was caused exclusively by the 15.2% decrease in product prices, as export volume increased by 6.7%. The data was presented this Monday (3), during an online press conference.
According to the analysis of the MDIC's Foreign Trade Secretariat (Secex), the level of Brazilian exports remains high and presents the second highest value for the months of June, behind only June of last year. Imports for the month reached a value of US$ 19.502 billion, a reduction of 18.2% – the preponderant effect of the 17.7% drop in the prices of purchases from abroad as the imported volume was 3.3% lower. As a result, the trade balance in June had a record positive balance of US$ 10.592 billion.
{module Form RD}
During the period, trade flow was US$ 49.595 billion. Thus, in the first six months of the year, exports totaled US$ 166.153 billion and imports, US$ 120.639 billion, with a positive balance of US$ 45.514 billion and trade flow of US$ 286.792 billion. Exports and the trade balance in the first half of the year are historic records.
Forecast for 2023
The Secretariat also released the second forecast for the 2023 Trade Balance results. The new estimate points to a record trade balance of US$ 85 billion. Exports for the year are expected at US$ 330 billion, which still represents a slight reduction of 1.2% compared to the 2022 result, but the new expectation is around US$ 6 billion above the first forecast. The second forecast for imports is US$ 245 billion, a value also higher than the first forecast at US$ 5 billion, but still with an expected drop of 10% in relation to the 2022 result.
According to the Director of Planning and Commercial Intelligence, Herlon Brandão, the improvement in the result of the second forecast in relation to the first is a reflection of a first semester above expectations with a good performance in the volume shipped and a smaller drop in imports. Both expectations for the Brazilian and global economies improved throughout the first half of the year. However, the level of uncertainty regarding the performance of the world economy remains high. The continued growth of interest rates in developed countries and slow growth in China constitute challenges for international trade.
Exports of the month
In the month, foreign sales of the sectors by daily average were as follows: growth of US$ 19.63 million (5.3%) in agriculture; drop of US$ 66.91 million (-19%) in extractive industry and drop of US$ 82.89 million (-10%) in products from the manufacturing industry. The combination of these results led to a decrease in exports.
Imports of the month
In external purchases, in the last month, the performance of the sectors based on the daily average was as follows: drop of US$ 12.04 million (-45.0%) in agriculture; decrease of US$ 53.41 million (-48.0%) in extractive industry and drop of US$ 138.92 million (-14.1%) in products from the manufacturing industry. The combination of these results led to a decrease in imports.
YTD
In exports, if compared to the averages from January to June (US$ 1.339 billion) with the average from the same period last year (US$ 1.323 billion) there was a growth of 1.3%. In relation to imports, there was a drop of 7.1% in the same comparison (US$ 972.89 million/ US$ 1.046 billion). Finally, the daily average of trade flow totaled US$ 2.312 billion and showed a drop of 2.4% when comparing these periods.
Source: datagro
{module Read Also}
