Brazilian Trade Surplus Narrows in August

In August of 2013, Brazil’s trade surplus decreased to 1.22 billion USD, from a 3.2 billion USD surplus a year earlier, due to a slowdown in exports.

In August, Brazil exported 21.4 billion USD, an average of 932.5 million USD per day, the third highest average since the beginning of the year. However, shipments decreased 4.3 percent year-on-year, as August this year had one less working day than August last year.

Exports to the US (excluding oil) increased 12.6 percent year-on-year in August, boosted by higher shipments of airplanes, soybean, cellulose, corn, orange juice and beef.

In the same period, imports increased 5.4 percent yoy to 20.2 billion USD, from 19.2 billion USD in August last year. Based on daily average figures, imports recorded in August the second lowest average since the beginning of 2013 (918.1 million USD). 

In the first eight months of the year, Brazil has accumulated a trade deficit of 3.7 billion USD, much worse than the 13.2 billion USD surplus registered during the same period in 2012.

Brazilian Trade Surplus Narrows in August

Joana Taborda |
9/3/2013 10:19:06 AM