Trade drop with US affects Brazilian exports

Brazilian exports fell by 10.4% in value, compared to June of this year with the same period last year. In the first half, the drop reached 3.5%.

The data are from the Foreign Trade Index (Icomex) of the Getulio Vargas Foundation (FGV).

According to FGV, the result was driven by a drop in exports to the country's main partners: the United States, China and Argentina. In the case of our South American neighbor, the decline in Brazilian sales is explained by the economic crisis in that country.

In the case of China, which is the destination of 26% of our exports, the drop in value exported in June was 4.1%. According to the FGV, there was a decrease of 3.7% in the volume exported and of 1.9% in the price of these products.

In the case of the United States, there was a fall of 12.2% in the value exported in June, after a growth in the previous month. The price of products exported to the North American market fell by 10.6% and volume, 1.6%.

Despite the fall in value exported to other countries, the Brazilian trade balance closed the month with a positive balance of 5 billion dollars and the half, with a surplus and 26 billion.

Posting: Marina Carvejani
Author: Agência Brasil
Source: Agrolink