Brazil Trade Surplus At Record High For April Month

Brazil recorded a USD 6,969 million trade surplus in April of 2017, 43.4 percent higher than a USD 4,861 million surplus a year earlier while below market expectations of USD 7,100 million. It was the record surplus for April month, as exports jumped 27.8 percent year-on-year and imports rose at a slower 13.3 percent.

Exports reached USD 17,686 million, boosted by sales of basic products (29.7 percent), mainly iron ore (87.6 percent), crude oil (58.6 percent), copper (50.9 percent), pork (34.4 percent), soybeans (24.2 percent); coffee (12.6 percent), cotton (5.3 percent) and chicken meat (1.5 percent). Shipments also increased for manufactured (25.7 percent) and semimanufactured products (27.5 percent), namely hydrocarbons (161.6 percent), semimanufactured iron and steel (55.5 percent), sugar (44.7 percent), lumber (32.3 percent) and cargo vehicles (123.3 percent). 

Imports went up to USD 10,717 million, mainly due to purchases of fuels and lubricants (28.5 percent), intermediate goods (16.5 percent) and consumer goods (6.3 percent), while purchases of capital goods fell 5.9 percent. 

Considering the first four months of 2017, exports increased 21.8 percent on a calendar adjusted basis to USD 68.1 billion and imports rose at a slower 9.5 percent to USD 46.7 billion, resulting in a USD 21.4 billion trade surplus. Sales to China jumped 46.8 percent and accounted for nearly 25 percent of total exports. 

Brazil Trade Surplus At Record High For April Month

Yekaterina Guchshina |
5/2/2017 6:33:11 PM