Brazil Trade Surplus at 4-1/2-Year high

Brazil posted a USD 4.53 billion trade surplus in June of 2015 compared with a USD 2.35 billion surplus a year earlier. It is the highest surplus since December of 2010, as exports fell at a slower pace than imports.
MDIC |Joana Taborda | 7/2/2015 10:07:34 AM
Exports shrank by 4.1 percent year-on-year to USD 19.6 billion from 20.5 billion, marking the eleventh straight month of contraction. Commodities sales fell 12.1 percent and semi-manufactured goods declined 3.8 percent, while manufactured goods increased by 9.3 percent.

Exports to China, European Union and Eastearn Europe shrank 1 percent; 24.5 percent; and 34.4 percent, respectively. In contrast, sales to Argentina, Middle East and Africa grew 4.1 percent, 2.5 percent and 11.5 percent, respectively. Those to the United States remained stable.

Imports dropped for the tenth month in a row by 16.7 percent to USD 15.1 billion from USD 18.1 billion a year earlier. Imports of capital goods shrank 17.6 percent and consumer goods purchases fell 9.4 percent, as non-durable goods contracted 5.4 percent and durable goods went down by 13.1 percent. Fuels and lubricants decreased by 39.7 percent, driven by a 45.2 percent drop in oil products; raw materials and intermediate goods decreased by 9.4 percent.

Imports from China, European Union, the United States and Eastern Europe shrank 13.1 percent; 13.3 percent; 10.6 percent; and 22.9 percent respectively. Those from Argentina contracted 15 percent. Purchases from Middle East fell 33.2 percent and those from Africa declined 33.6 percent.

So far this year, Brazil posted a USD 2.22 billion surplus.

Brazil Trade Surplus at 4-1/2-Year high