Drop in trade with the USA affects Brazilian exports

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

The data comes from the Foreign Trade Index (Icomex) of Fundação Getulio Vargas (FGV).

According to FGV, the result was driven by the 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 for 26% of our exports, the drop in the value exported in June was 4.1%. According to FGV, there was a drop of 3.7% in exported volume and 1.9% in the price of these products.

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

Despite the drop in the value exported to other countries, the Brazilian trade balance managed to close the month with a positive balance of 5 billion dollars and the semester, with a surplus of 26 billion.

Post: Marina Carvejani
Author: Brazil Agency
Source: agrolink

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