Brazil Posts Trade Surplus in November

In November of 2013, Brazilian trade balance turned into USD 1.74 billion surplus, compared with a USD 224 million deficit in the previous month and a USD 193.6 million deficit a year ago, mainly due to a drop in oil imports.
Joana Taborda | 12/3/2013 12:54:34 PM
Brazil exported 20.86 billion USD in November, slightly up from 20.47 billion USD a year earlier, but down from 22.8 billion USD in October. Considering the daily average, exports amounted to 1.043 billion USD per day, a 1.9 percent increase over November of 2012 and a 5.1 percent surge over the previous month.

Year-on-year, sales of manufactured goods rose 3.1 percent (daily average). In November, Brazil’s main export partners were China, the US, Argentina, the Netherlands and Panama.

Imports amounted to 19.12 billion USD, down from 23 billion USD a month earlier and 20.66 billion USD in November last year. The daily average dropped to 0.956 billion USD (-7.5 percent on a yearly basis and -4.6 percent on a monthly basis). 

Oil imports fell to 2.9 billion USD, a 36.4 percent drop over a year ago and a 20.4 percent contraction over the previous month. Purchases of consumption goods fell 3.6 percent, while those of raw materials and capital goods rose 4.6 percent and 3.7 percent, respectively. 

This year, Brazil accumulated a deficit of 89 million USD, a sharp drop from a 17.154 billion USD surplus recorded in the same period last year.

Brazil Posts Trade Surplus in November