Benefiting from a decline in fuel imports and a record grain harvest, the balance of trade is the best for September and is up 51.2% from the same month last year, according to the Ministry of Development, Industry, Trade, and Services.
The result is the highest for June and up 19.1% from the same month last year. Over the first half of the year, Brazil’s balance of trade closed out at a positive BRL 45.514 bi.
The country exported $11.378 bi more than it imported in May—more than twice as much as the positive balance in May last year ($4.958 bi).
The total value exported in 2022 is said to have increased 19.1%, and the amount imported was up 24.3% from 2021. A lower increase was predicted for the global economy.
The country exported $62.31 bi more than it imported—the highest in this time series, initiated in 1989. In December, the balance stood at a positive $4.779 bi.