Trade balance records surplus of US $409 million in the third week of July

The Brazilian trade balance recorded surplus of US $409 million in the third week of July, according to data from the Ministry of Economics released on Monday (22). The result of the third week was lower than that recorded in the first two weeks of the month. In the first week of July the surplus was US $1.211 billion and the second week of US $563 million. The surplus is recorded when exports exceed imports, generating a positive balance for Brazil. When the opposite happens, a deficit is recorded. According to the Ministry of Economics, exports totaled US $4.829 billion in the third week of the month. Imports totalled US $3.531 billion. Accumulated In the month, the balance records a surplus of US $2.182 billion resulting from US $13.550 billion in exports and US $11.367 billion in imports. Exports According to data from the Ministry of Economics, the daily average of exports of the third week of the month was 10.8% above the recorded average until the second week of the month. This increase was the result of an increase of 17.1% of the basic products and an increase of 6.3% of manufactures. On the other hand, the average daily sales of Semimanuinvoados fell 4.5%. Imports The daily average of imports from the third week of July grew 27.2% in relation to the average until the second week of the month. The result is mainly explained by the increase in the costs of cereals and products of the milling industry, fertilizers and fertilizers, pharmaceuticals, organic and inorganic chemicals, fuel and lubricants.