Trade balance records deficit of US$ 561 million in the 4th. week of january

In the fourth week of January this year, the Brazilian trade balance recorded a deficit of US$ 561 million and a trade flow of US$ 5.693 billion, as a result of exports worth US$ 2.566 billion and imports of US$ 3.127 billion. The data released this Monday (27), by the Foreign Trade Secretariat (Secex) of the Ministry of Economy also show that, in the month, exports totaled US$ 11.397 billion and imports, US$ 11.041 billion, with a positive balance of US$ 356 million and trade flow of US$ 22.437 billion.

Analysis of the week

Average exports for the fourth week reached US$ 513.2 million, 30.3% below the average of US$ 735.9 million up to the third week. The reduction is due to the drop in exports of the three categories of products: basic (-37.5%), from US$ 371.5 million to US$ 232.0 million, due to crude oil, iron ore, raw cotton, beef, pork and chicken, soybeans; manufactured goods (-23.5%), from US$ 252.6 million to US$ 193.2 million, mainly due to aircraft, acyclic alcohols and their halogenated derivatives, fuel oils, earthmoving machines and equipment, gasoline; and semi-manufactured products (-21.3%), from US$ 111.8 million to US$ 87.9 million, due to semi-manufactured iron/steel products, sugar raw materials, cast iron, cellulose, hides and skins.

On the import side, there was a drop of 5.2%, over the same comparative period – average for the fourth week, US$ 625.4 million, over the average up to the third week, US$ 659.5 million. The decline is mainly explained by the decrease in spending on mechanical equipment, organic and inorganic chemicals, copper and its works, motor vehicles and parts, and electrical and electronic equipment.

Analysis of the month

In exports, comparing the averages up to the fourth week of January 2020 (US$ 670.4 million) with that of November 2019 (US$ 822.0 million), there was a drop of 18.4%, due to the decrease in sales of the three product categories: manufactured (-26.5%), from US$ 320.1 million to US$ 235.1 million; semi-manufactured goods (-20.3%), from US$ 131.4 million to US$ 104.7 million; and basic (-10.8%), from US$ 370.5 million to US$ 330.5 million.

In relation to December 2019, there was a decrease of 22.5%, due to the drop in sales of basic products (-30.9%), from US$ 478.6 million to US$ 330.5 million; and manufactured goods (-18.2%), from US$ 287.5 million to US$ 235.1 million. On the other hand, exports of semi-manufactured products increased (+6.3%), from US$ 98.5 million to US$ 104.7 million.

In imports, the daily average up to the fourth week of January 2020, of US$ 649.5 million, was 12.8% below the average for January last year (US$ 744.9 million). In this comparison, spending fell, mainly on aircraft and parts (-41.1%), fertilizers and fertilizers (-31.3%), fuels and lubricants (-12.7%), motor vehicles and parts (-11.9%), organic and inorganic chemicals (-7.4%). In relation to December 2019, there was an increase of 8.6%, due to increases in pharmaceuticals (+34.2%), steel mills (+29.3%), electrical and electronic equipment (+28.3%), plastics and works (+19.9% ) and mechanical equipment (+14.8%).

Source: DATA
Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

South Korea

United Arab Emirates

Philippines

Hong Kong

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

singapore

Türkiye

Vietnam

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Costa Rica

Cuba

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Dominican Republic

Suriname

Uruguay

Venezuela

Africa

South Africa

Angola

Algeria

Cameroon

Costa do Marfim

Egypt

Ghana

Mauricio Islands

Liberia

Morocco

Nigeria

Kenya

Senegal

Sierra Leone

Sudan

Togo

Tunisia

Europe

Albania

Germany

Belgium

Bulgaria

Cyprus

Spain

Estonia

Finland

France

England

Ireland

Italy

Lithuania

Poland

Portugal

Romania

Russia

Serbia

Sweden

Switzerland

Türkiye

Ukraine

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.