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Trade balance has best October in history

EXPORTS

Exports surpassed imports by US$ 6.12 billion
published: Nov 05, 2018 04:07 PM last modified: Nov 05, 2018 04:07 PM
Ivan Bueno/APPA

With a surplus of US$ 6.12 billion, the Brazilian trade balance has had the best October since 1989 (the year the current time series began), according to numbers released on Thursday (1 November) by the Ministry of Industry, Foreign Trade and Services (MDIC).

The surplus is the result of US$ 22.2 billion in exports and US$ 16.1 billion in imports. The October figures have led to a year-to-date trade surplus for Brazil of US$ 47.7 billion, or a US$ 56.2 billion surplus in last-twelve-month terms.

Products

Breaking down into the main product segments, Brazil exported US$ 11.172 billion in basic goods, US$ 7.737 billion in manufactured goods and US$ 3.191 million in semi-manufactured goods.

The report by MDIC also shows that Asia continues to be the main destination of Brazilian exports with US$ 6.2 billion in purchases, up 32% in comparison with October last year.