The result was below market estimates, which expected a balance of US$ 10 billion; imports rose 33.7%
The trade balance registered a surplus of US$ 8.8 billion in June, below the estimates of the financial market, which had expected a surplus of more than US$ 10 billion. The result is formed by exports minus imports in foreign trade. The Ministry of Economy released the data this Friday (July 1, 2022). Here are the entirety of presentation (2 MB) and the report (277 KB).
The June surplus is 15.4% lower than the one recorded in the same month of 2021, when it totaled US$ 10.41 billion. According to the government, exports totaled US$ 32.7 billion (+15.6%) and imports, US$ 23.9 billion (+33.7%).
The balance of trade in June 2022 was the 2nd largest for the month in the historical series, which began in 1989. It is only behind June 2021.
According to the Ministry of Economy, exports from the manufacturing industry rose by 38.5% in June against the same month in 2021. Agriculture increased by 30.4% in the period. Already the extractive industry retreated 24.3%.
Asia was the main destination for exports (US$ 14.26 billion), with China, Hong Kong and Macau leading with US$ 9.50 billion. Brazil exported US$ 4.03 billion in products to the United States.
The trade flow – which is the sum of exports and imports – reached US$ 56.5 billion, an increase of 22.6% against June 2021.
In the 1st semester, the trade balance had a surplus of US$ 34.2 billion, a drop of 8.2% against the same period last year. Exports rose 19.5%. Imports advanced 29.8%.
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