Brazil Trade Surplus Rises in December

Brazil trade surplus increased to USD 4.997 billion in December of 2017 from a USD 4.42 billion surplus in the corresponding month a year ago, beating market expectations of USD 4.06 billion. Considering full 2017, the country's trade surplus widened 41 percent from 2016 to USD 67 billion.

Exports jumped 10.4 percent year-on-year to USD 17.59 billion, boosted by sales of crude oil (+87.3 percent to USD 1.2 billion); soybeans (+267.9 percent to USD 913 million); corn (+297.1 percent to USD 621 million); beef (+40.3 percent to USD 467 million); chicken meat (+2.9 percent to USD 467 million); semimanufactured of iron and steel (+77.9 percent to USD 439 million) and raw cotton (+119.5 percent to USD 227 million).

Imports went up 9.3 percent year-on-year to USD 12.59 billion, mainly due to purchases of fuels and lubricants (+61.4 percent), namely diesel oil, gasoline, crude oil, cokes, electricity, natural gas, coal;  intermediate goods (+16.5 percent), namely naphtha for petrochemicals, copper sulfide ores, potassium chloride, integrated circuits, copper cathodes, iron/steel laminates, digital memories, ethylene copolymers, gearboxes, telephony apparatus, sodium hydroxide; capital goods (+14.7 percent), namely LED bulbs, electronic regulators, railway vehicles, cargo vehicles, data processing machines, airplanes, industrial robots, terminal equipment or repeaters, gas/smoke analyzers, machining centers, load lifting machines; and consumer goods (+13.6 percent), namely medicines, passenger cars, immunological products, whiskeys, cologne, blood fractions, immunoglobulin, preparations for animal feed, olive oil, video consoles, fungicide, wines, confections.

Considering full 2017, the country's trade surplus widened 41 percent from 2016 to USD 67 billion. Adjusted for the daily average, exports went up 18.5 percent to USD 217.75 billion and imports increased 10.5 percent to USD 150.75 billion. Main export partners were China (USD 50.2 billion); the US (USD 26.9 billion); Argentina (USD 17.6 billion); Netherlands (USD 9.3 billion) and Japan (USD 5.3 billion). Imports came mainly from China (USD 27.9 billion); the US (USD 24.8 billion); Argentina (USD 9.4 billion); Germany (USD 9.4 billion) and South Korea (USD 5.3 billion).

Brazil Trade Surplus Rises in December

MDIC | Joana Taborda |
1/2/2018 6:36:45 PM