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Trade balance should have surplus of US $ 56.7 billion in 2019

Foreign trade

Projection for the year was presented during a press conference in Brasilia

The Secretary of Foreign Trade (Secex), Lucas Ferraz, the Special Secretariat for Foreign Trade and International Affairs (Secint) of the Ministry of Economy, presented on Monday (1/7), in Brasilia, at a news conference, the data of the trade balance for the month of June and took stock of the semester. "International and world trade has a downturn and of course we suffer the consequences of this," said Ferraz in relation to the expectation for Brazilian foreign trade.

The estimate for the trade balance this year is $ 56.7 billion. The previous projection, released in the first quarter of 2019, was US $ 50 billion. The higher balance is expected due to the prospect of a 2% drop in the current trade for this year. In 2018, the trade balance was US $ 58 billion.

The data were detailed by Secex's Under-Secretary for Intelligence and Statistics, Herlon Brandão. He underscored the scenario of slowdown in the international economy and slow growth of the Brazilian economy, which are the main determinants for the flow of trade. According to Brandão, this mainly affects soybean and coffee exports, while there is also lower demand for imported products.

Balance of the semester

In the first half of the year, exports totaled US $ 110.896 billion, down 1.8% on the daily average, compared to the same period of the previous year. Imports totaled US $ 83.765 billion, an increase of 0.8%, on average, over the same period of 2018 (US $ 83.801 billion).

From January to June 2019, the trade flow reached US $ 194.661 billion, which means a decrease of 0.7% over the same period in the previous period (US $ 197.619 billion). The trade balance is US $ 27.130 billion, 8.9% lower than the daily average of US $ 30.017 billion in the same period of last year.