Brazil balance of trade at positive $3,28 bi

Brazil’s balance of trade saw a positive $3.28 billion in August, as per a report released Monday (Sep 2) by the Ministry of the Economy. The amount is 23.7 percent higher than the same period in 2018.

In August, the country exported $18.85 billion, down 8.55 percent on the same month last year. Imports, in turn, added up to $15.57 billion, down 13.32 percent on August 2018.

Exports of basic goods—like corn, leaf tobacco, coffee beans, pork, and iron ore—were totaled $10.34 billion.

Manufactured products, like cars, engines, and car parts, amounted to $6.16 billion. Semi-manufactured goods, like iron, steel, iron alloys, stood at $2.31 billion.

Surplus

For January–August, the balance was a $31.75 billion surplus—down 12.9 percent against the same period last year, $36.66 billion.

Year-to-date, exports amounted to $148.85 billion, down 5.2 percent compared to the same time span in 2018, which stood at $157.9 billion.

Imports, on the other hand, added up to $107.09 billion—down 2.8 percent from the same span last year, $121.23 billion.