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Brazilian Trade Balance Registers Unpublished Mark In The Accumulated Of 2017

International trade

According to the Ministry of Industry, Foreign Trade and Services, US $ 338,301 billion were traded, an increase of 14.6% over the same period in 2016

This year, Brazil recorded the largest trade surplus in history,  US $ 62 billion. From January to November, exports reached US $ 200.154 billion, 18.2% higher than in 2016 by the daily average; and imports were US $ 138.146 billion, up 9.6% from the same period last year, when the last trade balance record (US $ 43.3 billion) was recorded.

The data were published on Friday (1st) by the Ministry of Industry, Foreign Trade and Services.

Sum of all transactions, the current trade reached  US $ 338,301 billion, growth of 14.6% compared to the same months of 2016 by the daily average (US $ 295.321 billion). "Brazilian exports and imports from January to November registered growth of almost all products, and many of them had an increase in quantity and price," explained  Abrão Neto, Secretary of Foreign Trade . The price of foreign sales increased by 10.7% and the quantities, 6.9%, while in imports, values ​​rose 3.7% and quantities, 5.8%.

In November, the trade flow was US $ 29.830 billion, a result 7.8% better than the same month last year. The balance was a surplus of  US $ 3.546 billion: external exports totaled US $ 16.688 billion in November, 2.9% more than in the same month of 2016. Meanwhile, imports were US $ 13.142 billion month, 14.7% more than November 2016.

The result of the month was driven by the increase in imports of capital goods (10.8%), especially machinery and equipment for agriculture and earthmoving. "This is the fourth consecutive month of growth of imports of capital goods, which has not occurred since March 2013, which shows the resumption of productive investments in the country," said Abram Neto. 

In the first eleven months of this year, exports to Asia (26.9%), Mercosur (18.6%), the United States (17.3%), the Middle East (16%), Central America and the Caribbean (+ 14.4%), Oceania (4.6%), and European Union (4.1%). The countries with the most intense imports were  China (US $ 46.4 billion); United States (US $ 24.5 billion); Argentina (US $ 16.0 billion); The Netherlands (US $ 8.6 billion) and Japan (US $ 4.8 billion).

All three categories of products evaluated in the trade balance - basic, semimanufactured and manufactured - obtained positive results in the accumulated of this year, compared to last year. Among the basics, which grew 28 percent, revenue rose from crude oil, iron ore, copper ore, soybeans, beef, corn, chicken, pork and raw cotton.

Of the manufactured goods, which registered an increase of 13.8%, iron and steel derivatives , cast iron, sawn wood, ferro-alloys, crude soybean oil, raw sugar and cellulose stood out . Finally, manufactured goods, whose sales increased 9% in the period, had a prominence of fuel oils, earthmoving machinery, tractors, passenger cars, cargo vehicles, flat rolled products, aluminum oxides and hydroxides, engine chassis, refined sugar, auto parts, shoes, tires, motors for vehicles and parts.

Source: Government of Brazil, with information from the Ministry of Industry, Foreign Trade and Services