Brazil’s trade balance registered a surplus of US $ 956 million in the second week of February, informed the Ministry of Industry, Foreign Trade and Service. In the period, exports reached US $ 3.847 billion and imports US $ 2.891 billion. In the first two weeks of February, exports totaled US $ 6.110 billion and imports, US $ 4.943 billion, with a positive balance of US $ 1.167 billion. In the year, exports amounted to US $ 21.022 billion and imports, US $ 17.129 billion, with a positive balance of US $ 3.892 billion.
Review of the Week
Average daily exports for the second week of February reached US $ 769.4 million, 2.0% above the US $ 754.3 million average for the first week, due to the increase in exports of basic products (+ 6.4%, from US $ 303.4 million to US $ 322.7 million, on account of soybeans, crude oil, soybean meal, wheat grain and coffee beans). On the other hand, sales of semimanufactured products fell (-4.4%, from US $ 121.7 million to US $ 116.4 million, due to the semimanufactured iron / steel, cellulose, semimanufactured gold, leather and Leather, cast iron and spiegel) and manufactured goods (-2.6%, from US $ 121.7 million to US $ 116.4 million, mainly due to taps and valves, aluminum oxides and hydroxides, Flat rolled iron / steel products, hydrocarbons and their halogenated derivatives and ethanol).
On the imports side, it was pointed out a decrease of 15.5% over the same comparison period (average of the second week, US $ 578.2 million over the average of the first week, US $ 684.0 million) By the decrease in expenses with fuels and lubricants, electrical and electronic equipment, organic and inorganic chemicals, and motor vehicles and parts.
In exports, compared to the averages of the second week of February / 2017 (US $ 763.8 million) with February / 2016 (US $ 702.3 million), there was an increase of 8.8%, due to the increase in exports of basic products (+ 14.3%, from US $ 275.9 million to US $ 315.5 million, mainly due to crude oil, iron ore, pork and chicken, soybeans and coffee beans) and manufactured products (+ 7.1% from US $ 291.6 million to US $ 312.3 million for fuel oils, hydrocarbons and their halogenated derivatives, plastic polymers, cargo vehicles and passenger cars ), While exports of semimanufactured products (-1.5%, from US $ 120.2 million to US $ 118.4 million, fell on account of cellulose, crude palm oil, crude aluminum, raw sugar and Hides and skins). In relation to January / 2017, there was a 12.7% growth, due to the increase in sales of three product categories: manufactured goods (+ 34.1%, from US $ 232.9 million to US $ 312.3 million), (+ 2.3%, from US $ 308.5 million to US $ 315.5 million) and semimanufactured products (+ 0.2%, from US $ 118.1 million to US $ 118.4 million).
In imports, the daily average up to the second week of February / 2017, of US $ 617.9 million, was 14.0% higher than the February / 2016 average (US $ 542.2 million). In this comparison, expenses increased mainly with fuels and lubricants (+ 57.7%), cereals and products from the milling industry (+ 39.0%), fertilizers and fertilizers (+ 24.8%), (+ 24.2%) and electrical and electronic equipment (+ 21.9%). In January / 2017, imports increased by 11.5%, with increases in fuels and lubricants (+ 90.3%), organic and inorganic chemicals (+ 24.7%), pharmaceuticals (+18.1%), Optics and precision instruments (+ 6.9%).