Brazilian Exports Exceed Imports, Country's Surplus Reached US$62 Billion in 2022, According to FGV

Brazilian Exports Exceed Imports, Country’s Surplus Reached US$62 Billion in 2022, According to FGV

Written by Bruno Teles

Published on 17/01/2023 at 17:05

Exportação brasileira vem superando importações (Foto/divulgação)

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The Value Exported By Brazil In Recent Years Totaled Increased By About 19.1%, While The Value Of Imports Was 34.3% Greater Than That Registered In 2021. Nonetheless, The Brazilian Trade Balance Ended The Year With US$ 61.8 Billion In Surplus, At A Level Slightly Higher Than The US$ 61.4 Billion In 2021.

This Data Was Released This Monday (16) By The Brazilian Institute Of Economics Of The Getulio Vargas Foundation (FGV/Ibre), In The External Trade Indicator (Icomex). The Surplus Of The Extractive Industry Decreased From US$ 63 Billion In 2021 To About US$ 45.5 Billion In 2022, With The Sector Responsible For 22.8% Of The Country’s Exports. The Industry Of Transformations Experienced An Increase In Deficit From US$ 45.3 Billion To US$ 48.5 Billion, Accounting For About 55.7% Of The Brazilian Total.

“Agricultural Supply Restrictions Associated With The War In Ukraine And Climate Issues Increased Agricultural Prices, As The Increase In Export Volume Was 2.6% Lower Than That Of The Transformations Industry. In The Extractive Sector, Prices And Export Volumes Declined Due To Poor Iron Ore Performance. The Deficit In The Transformation Industry Has Been Recurring In Brazil’s Trade Balance Since 2009,” Explained FGV/Ibre.

Global Scenario

For This Year, The Institute Projects A Slower Growth Of The Global Economy, With Brazil’s Expansion Rate Below 1%, Along With Reductions In Both Exports And Imports.

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Brazilian Exports Exceed Imports, Country’s Surplus Reached US$62 Billion in 2022, According to FGV

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