Driven by the slump in the price of soybeans and corn and the surge in imports of electric vehicles, the surplus in the country’s balance of trade was down 33.4% in June from the same month last year.
Despite falling prices for soybeans, iron ore, and oil, the surplus was up 13.7% from April last year and is the second best for the month, surpassed only by the nearly $10 bi from April 2021.
Brazilian vice-President and Minister of Development, Industry, Trade, and Services Geraldo Alckmin spoke to trade entrepreneurs at the opening of the 1st National Meeting of Industry and Services, held in São Paulo.
Mercosur should sign an extra-regional agreement with the Asian country next week, during the bloc’s 63rd summit, to be held in Rio Dec. 4 to 7. The country is Brazil’s second largest trading partner in Asia.
President Lula said it is in the government’s and the country’s interest for Brazilian companies to gain prominence in global trade. He is on a trip to the Middle East and took part in a presentation of Embraer products in Riyadh, Saudi Arabia.
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