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Trade balance records best October of history

Foreign trade

Trade balance of US $ 5.2 billion is the highest since the beginning of the historical series, begun in 1989. From January to October, result already surpasses record of 2016

In a further positive result, the Brazilian trade balance registered the best performance for October in history. In the month, the trade balance - which is the difference between exports and imports - stood at US $ 5.201 billion. The data were released on Wednesday (1st) by the Ministry of Industry, Foreign Trade and Services (MDIC).

With Brazilian products increasingly competitive in the international market, exports stood at US $ 18.877 billion in the month, while imports totaled US $ 13.676 billion.

Given this result, the Brazilian trade balance accumulates US $ 58.4 billion from January to October, a figure that is already surpassing the record for 2016, which was US $ 47.7 billion.

Following the records in the foreign trade numbers, the expectation is that this year will be a historic year for the Brazilian trade balance. According to the MDIC, the trade balance surplus is expected to be between US $ 65 billion and US $ 70 billion in 2017.

Monthly Highlights

In the case of exports, increases were recorded in all product categories. Commodities rose 42.3%, with growth in sales of corn, soybeans, iron ore, copper ore, raw cotton, crude oil, among others.

There has been a 21% increase in shipments of manufactured products, especially sales of aviation parts, flat rolled products, passenger cars, tractors, cargo vehicles, among others. In the case of semimanufactured products, the increase was 26.2% due to increased sales of soybean oil, cast iron, raw aluminum, raw sugar, iron alloys, cellulose, semimanufactured gold and semimanufactured iron and steel.

Source: Government of Brazil, with information from MDIC