Balance of Trade registers surplus of $ 5.44 billion dollars in July
The increase in the price of several imported items, especially fertilizers and oil, provoked a drop in the trade surplus in July. Last month, Brazil exported $ 5.444 billion dollars more than it imported, down 22.7 percent from the same month in 2021.
In the first seven months of the year, the balance of trade has accumulated a surplus of $ 39.751 billion dollars. This represents 10.4 percent less than that recorded from January to July last year. Despite the decline, the balance is the second best in history for the period, losing only to the first seven months of 2021, when the surplus closed at $ 44.38 billion dollars.
Last month, Brazil exported $ 29.955 billion and imported $ 24.511 billion dollars. Both imports and exports hit a record in July, in the time series started in 1989. Exports rose 20 percent compared to July last year, under the daily average criterion. Imports, however, increased at a faster pace: 31.6 percent using the same comparing standard.
The record for imports and exports, however, is due to the increase in international prices of goods. Last month, the volume of exported goods rose on average by only 4.7 percent compared to July last year, while prices rose 12.2 percent, boosted by the increased value of commodities (primary goods with international quotations).
Regarding imports, the amount purchased rose 8.7 percent, but average prices rose 41.6 percent. The increase in prices was mainly driven by manure, fertilizers, oil, coal, and wheat, items that became more expensive after the start of the war between Russia and Ukraine.
