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Brazilian exports grow 5.6% in May

Trade balance

Imports grew by 7.8% in the month, indicating an improvement in economic activity

The substitute Foreign Trade Secretary, Herlon Brandão, commented on Monday the results of the trade balance of May 2019. "We had a growth in the trade flow, which is the sum of exports and imports, and this signals an improvement in economic activity, contrary to what has been happening in recent months with falling sales abroad, "said Brandão.

In May 2019, exports reached US $ 21.394 billion. In relation to May 2018, Brazilian foreign sales increased by 5.6%; and in relation to April 2019, the increase was of 3.7%, by the daily average.

Imports in May totaled US $ 14.972 billion. Over the same period of 2018, Brazilian purchases abroad grew by 7.8%, and by 4.9% over April 2019, also by the daily average.

Thus, the trade flow, which is the sum of exports and imports, was US $ 36.366 billion in the period, an increase of 6.5% in relation to May 2018. surplus of US $ 6.422 billion, 0.9% higher than the daily average in the same period of 2018 (US $ 6.073 billion).

Access the full data of the Brazilian trade balance for May 2019

Year-to-date, exports have already reached US $ 93.543 billion, down 1.1% on the daily average, compared to the first five months of last year.

According to Herlon Brandão, the small reduction in exports from January to May this year was driven by falling international prices, as the quantities exported were higher. Exports of oil, iron ore and meats, for example, have grown in quantity.

Imports, in the first five months of 2019, totaled US $ 70.737 billion. There was an increase of 0.8%, by the daily average, over the same previous period (US $ 69.476 billion).

The current trade reached US $ 164.280 billion, representing a decrease of 0.3% over the previous period, by the daily average, when it totaled US $ 163.189 billion.

The trade surplus is US $ 22,806 billion, 6.8% lower than the daily average, compared to the same period in 2018 (US $ 24.237 billion)

According to Brandão, the small increase in imports was a reflection of the purchase of more fuels, inputs, fertilizers and fertilizers. "About 80% of our imports are related to inputs and other goods linked to the productive activity," explained the substitute foreign trade secretary.

Buyers

In relation to the markets for buyers of Brazilian products, one of the main highlights of May was the USA. Brazilian sales to that market grew 60% in relation to May 2018; and 18% over the first five months of last year.

 "Brazil's trade relationship with the US is very strong. The US is the largest destination of the industrialized goods that Brazil produces. We export mainly steel, fuel, aircraft and spare parts for airplanes, "said Brandão.

In May, Brazilian imports from the US also increased 25%, mainly due to electric motors and generators, gasoline and fuels, since Brazil is the largest external supplier of the product to Brazil.