Brazilian Trade Balance Grows 16.8% Year-on-Year, Surplus Reaches $1.708 Billion as Exports Total $11 Billion and Imports $9.29 Billion So Far in January

Written by Bruno Teles

Published on 17/01/2023 at 14:26

Registrando um excedente de US$ 1,708 bilhões até o momento atual de janeiro e fazendo com que o resultado das exportações fossem para US$ 11 bilhões e importações US$ 9,29 bilhões, a balança comercial brasileira cresce economicamente em exportações 16,8% em comparação anual (Foto/divulgação)

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Recording a surplus of US$ 1.078 billion until the present moment of January, the Brazilian trade balance has export results reaching US$ 11 billion and imports at US$ 9.29 billion.

The main competitor in this trade was around US$ 20.29 billion. The Ministry of Development, Industry, Commerce and Services released the data about this surplus. The growth of exports in the second week of January 2023 was 16.8% compared to January 2022, causing imports to fall by 1.6%. Thus, the Brazilian trade balance recorded a surplus of US$ 1.71 billion, and its trade competitor increased by about 7.6%.

As of now in 2023, the performance of each sector was as follows: in Agriculture, growth was 17.1%, amounting to US$ 1.85 billion; in Extractive Industries, growth was 18.9%, reaching US$ 2.40 billion, and also 16.1% growth in the Manufacturing Industry, which increased to US$ 6.69 billion. All these combined results led to an increase in exports.

After the growth in sales of some products, the expansion of exports was significant, including: Rye and wheat, not ground (24.3%), Paddy or rough rice (167.2%) in the Agriculture sector; Some other raw minerals (318.7%), Copper ore and its concentrates (252.7%), Crude oil or minerals and crude (21.7%) in the Extractive Industry; Frozen, fresh or chilled poultry (46.9%), Molasses and sugars (67.8%), and Pig iron, sponge iron, spiegel, granules, steel, and iron alloys (59%) in the Manufacturing Industry.

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The performance of imports until the 2nd week of January 2023 by economic activity sector was as follows:

Agriculture saw growth of 24.0%, amounting to US$ 0.22 billion; with a decrease of -46.3% in Extractive Industries, reaching about US$ 0.63 billion, and finally, with growth of 5.8% in Manufacturing Industries, reaching US$ 8.42 billion. With this combination of results, the decline in imports was prompted.

The motivated decline in imports was influenced by the reduction in purchases of the following products: Unmilled corn, excluding sweet corn (-30.9%), Latex, rubber, gutta-percha, guaiule, chicle (-42.5%), Soybeans (-92.5%) in Agriculture; Nickel ore and its concentrates (-2.6%) Iron ore (-100%), Coal (-59.8%) in the Extractive Industry; Medicines and pharmaceutical products, excluding veterinary ones (-30.3%), Oils petroleum fuels (-15.2%), and Fertilizers, excluding raw ones (-10.9%) in the Manufacturing Industry.

Despite the decline in imports, the following products saw an increase: in Agriculture, Fresh or dried fruits and nuts (90.1%), Unshelled wheat and rye (19.8%), Unmilled barley (321.3%); in the Extractive Industry, Crude oil or raw minerals (79%), Raw fertilizers (141.5%), Copper ores and their concentrates (370.1%); Motor vehicles for the transport of goods (132.5%), Inorganic chemical elements, halogen salts, and oxides (73.2%), Passenger motor vehicles (88%) in the Manufacturing Industry.

Brazilian Trade Balance Grows 16.8% Year-on-Year, Surplus Reaches $1.708 Billion as Exports Total $11 Billion and Imports $9.29 Billion So Far in January

Recording a surplus of US$ 1.078 billion until the present moment of January, the Brazilian trade balance has export results reaching US$ 11 billion and imports at US$ 9.29 billion.

The performance of imports until the 2nd week of January 2023 by economic activity sector was as follows:

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Brazilian Trade Balance Grows 16.8% Year-on-Year, Surplus Reaches $1.708 Billion as Exports Total $11 Billion and Imports $9.29 Billion So Far in January

Recording a surplus of US$ 1.078 billion until the present moment of January, the Brazilian trade balance has export results reaching US$ 11 billion and imports at US$ 9.29 billion.

The performance of imports until the 2nd week of January 2023 by economic activity sector was as follows:

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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