On the export front, the fall in international prices of soybeans, oil, and meat was the primary factor contributing to the decrease in Brazilian exports.
Despite the devaluation of commodities, Brazil forecasts a record positive balance of $93 bi for 2023, surpassing the previous projection of $84.7 bi made in July.
Exports of goods reached $30.247 billion, reflecting an 8.7% decline. Imports amounted to $21.645 billion, marking a 16.1% decrease from the previous year.
During the first quarter of this year, the trade balance accumulated a surplus of $16.068 billion—a growth of 29.8% compared to the same period in the previous year.
Imports made the balance fall 15.4%, but despite the decline, it is the second best result for the month since the beginning of the historical series, in 1989.
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