Trade balance has a surplus of US$ 1.787 billion in the first week of June

The Brazilian trade balance recorded a surplus of US$ 1.787 billion and a trade flow of US$ 6.626 billion, in the first week of June 2020 – with five working days –, as a result of exports worth US$ 4.207 billion and imports of US$ 2.419 billion. The data was released this Monday (08) by the Foreign Trade Secretariat (Secex) of the Ministry of Economy. In the year, exports totaled US$ 88.724 billion and imports, US$ 71.365 billion, with a positive balance of US$ 17.359 billion and trade flow of US$ 160.089 billion.

Analysis of the month

In exports, comparing the average up to the first week of June 2020 (US$ 841.33 million) with that of June 2019 (US$ 968.74 million), there was a drop of -13.2%, due to the decrease in sales of Extractive Industry (-35.1%) and Manufacturing Industry products (-18.0%). On the other hand, sales in Agriculture increased (24.6%).

The drop in exports was mainly driven by the decrease in sales of the following Extractive Industry products: Crude petroleum or bituminous mineral oils, raw (-75.6%); Iron ore and its concentrates (-14.1%); Other base metal ores and concentrates (-41.5%); Stone, sand and gravel (-46.1%) and Aluminum ores and their concentrates (-21.4%).

Likewise, there was also a decrease in sales of the following Manufacturing Industry products: Poultry meat and its edible offal, fresh, chilled or frozen (-43.9%); Aircraft and other equipment, including their parts (-91.5%); Pig iron, spiegel, sponge iron, granules and powder of iron or steel and ferroalloys (-52.2%); Non-electric motors and machines, and their parts – except piston engines and generators (-84.3%) and Civil engineering installations and equipment and builders, and their parts (-52.6%).

In imports, the daily average until the first week of June 2020 (US$ 483.89 million) was 29.4% below the average for June last year (US$ 685.72 million). In this comparison, spending on purchases fell, mainly with Agriculture (-27.2%), Extractive Industry (-21.7%) and products from the Manufacturing Industry (-29.9%).

The drop in imports was mainly driven by the decrease in purchases of the following agricultural products: Wheat and rye, not ground (-39.0%); Live, dead or chilled whole fish (-57.6%); Latex, natural rubber, balata, gutta-percha, guayule, gum and natural gums (-58.6%); Non-oil fruits and nuts, fresh or dried (-34.3%) and Unground corn, except sweet corn (-89.4%). In the Extractive Industry, the drop in imports was mainly due to the decrease in purchases of natural gas, liquefied or not (-100.0%); Crude petroleum or bituminous mineral oils, crude (-9.2%); Other base metal ores and concentrates (-88.2%); Coal, whether or not powdered, but not agglomerated (-10.2%) and Other raw minerals (-24.8%).

Finally, in the Manufacturing Industry, the drop in imports was mainly due to the decrease in purchases of petroleum fuel oils or bituminous mineral oils, except crude oils (-61.7%); Automotive vehicle parts and accessories (-58.6%); Chemical fertilizers or fertilizers, except crude fertilizers (-25.0%); Motor vehicles for the transport of goods and special uses (-76.1%) and Passenger motor vehicles (-68.7%).

Source: DATA

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