Brazil Trade Surplus Beats Expectations
The trade surplus in Brazil widened 35.3 percent year-on-year to USD 5.6 billion in August of 2017, above market expectations of a USD 4.1 billion surplus. The country’s trade balance has been in surplus since March of 2015.
Exports went up 14.7 percent year-on-year to USD 19.475 billion, mainly boosted by higher sales of primary articles (24.2 percent), manufactured (9.7 percent) and semimanufactured products (3.4 percent). Among major trading partners, exports increased to China (41 percent), Argentina (30.8 percent) and the US (2.2 percent)
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Imports rose 8 percent to USD 13.876 billion, due to purchases of fuels and lubricants (56.6 percent), capital goods (6.6 percent), intermediate goods (4.8 percent) and consumer goods (1 percent). Among major trading partners, imports went up from China (22.5 percent) but fell from the US (-5.8 percent).
Considering the first eight months of the year, the country’s surplus increased 48.6 percent to USD 48.109 billion. Exports advanced 18.1 percent to USD 145.946 billion and imports went up at a slower 7.3 percent to USD 97.837 billion.