The trade balance returned to breaking records in June. According to the Ministry of Economy, there was a trade surplus of US$ 10.3 billion in the month and US$ 37.5 billion in the first half of 2021.
The balances are the highest for the period since 1989, according to figures released this Thursday (1.Jul.2021) by the Foreign Trade Secretariat of the Ministry of Economy. here’s the whole (277 KB).
The trade surplus in June is 59.5% greater than that registered in the same period in 2020, when there was a surplus of US$ 6.5 billion. The surplus in the 1st semester is 68.2% higher than in the same period in 2020 (US$ 22.3 billion).
The surplus is registered when exports exceed the country’s imports. If the opposite occurs, a trade deficit is registered.
In June, exports totaled US$ 28.1 billion and imports US$ 17.7 billion. There was an increase of 60.8% in exports and 61.5% in imports, compared to the same month in 2020.
In the 1st half, exports grew 35.8%, totaling US$ 136.7 billion. Imports, on the other hand, rose 26.5%, reaching US$ 99.2 billion
According to the Ministry of Economy, Brazilian exports were driven mainly by the sale of commodities, such as soybeans and iron ore. China and the United States stand out among the main destinations for Brazilian exports.
Here is the performance of Brazilian exports by sector throughout the year:
- agriculture and livestock: +28.2%;
- Extractive industry: +77%;
- Manufacturing industry: +22.6%.
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source https://pledgetimes.com/trade-balance-has-a-surplus-of-us-10-3-billion-in-june/
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