Brazil Trade Surplus Rises in October


The trade surplus in Brazil increased to USD 6.12 billion in October of 2018 from USD 5.2 billion in the same month of the previous year. It compares with market expectations of USD 6.849 billion. Sales surged to China, boosted by crude oil and soybeans. Imports rose mainly due to purchases of crude oil.

Exports increased 17.7 percent year-on-year to USD 22.22 billion, mainly boosted by sales of crude oil (137.6 percent), soybeans (124 percent), iron ore (5.1 percent), beef (24.1 percent) and cotton (12.9 percent). Sales jumped 75.5 percent to China; 8.8 percent to the European Union; and 37.2 percent to the US.
 
Imports also increased 17.7 percent year-on-year to USD 16.1 billion. Purchases went up for intermediate goods (16.5 percent), consumption goods (12.9 percent), fuels and lubricants (30 percent) and capital goods (16.4 percent). Imports came mainly from China (purchases up 13.9 percent), the EU (4.7 percent), the US (23 percent), and the Middle East (135.5 percent).


Brazil Trade Surplus Rises in October


Joana Taborda | joana.taborda@tradingeconomics.com
11/1/2018 6:43:48 PM