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Trade balance has surplus of US $ 696 million in the second week of July

Foreign trade

In the year, the surplus of the trade balance already reaches US $ 27.895 billion

With exports of US $ 4,226 billion and imports of US $ 3,531 billion, the second week of July 2019 had a surplus of US $ 696 million in the Brazilian trade balance. In the month, total shipments are US $ 6.947 billion and purchases from abroad reach US $ 8.766 billion, with a positive balance of US $ 1.819 billion. In the year, exports totaled US $ 118.609 billion and imports, US $ 90.714 billion, with a positive balance of US $ 27.895 billion.

Review of the week

The average exports of the second week of July 2019 (US $ 845.3 million) were 6.9% below the average recorded in the first week of the month (US $ 908.0 million), mainly due to the drop in exports of semimanufactured products (-49.6% on account of semi-manufactured iron / steel, raw cane sugar, semimanufactured gold, cellulose, ferro-alloys) and manufactured products (-11.2% due to gasoline , non-frozen orange juice, fuel oils, measuring instruments and apparatus, wire rod machines and iron / steel bars). On the other hand, sales of basic products increased (+ 10.3%, on account of crude oil, manganese ore, corn in grains, soybeans in grains, iron ore).

In imports, if we compare the average of the second week (US $ 706.2 million) and the average of the first week of July this year (US $ 683.2 million), there was an increase of 3.4%. The increase can be explained mainly by the increase in expenses with fuels and lubricants, mechanical equipment, organic and inorganic chemicals, optical and precision medical instruments, copper and works.

Monthly Review

In exports, compared to the averages up to the second week of this month (US $ 876.6 million) with the daily average of July 2018 (US $ 1.023 billion), there was a drop of 14.4%, due to the decrease in sales of products: basic products (-18.5% on the basis of crude oil, copper ore, soybeans, soybean meal, beef and chicken) and manufactured products (-11.0% on behalf of engines and turbines for aviation, tractors, cargo vehicles, fuel oils, passenger cars). On the other hand, sales of semimanufactured products (+ 5.1%, on the basis of raw zinc, raw aluminum, copper cathodes, semimanufactured gold, raw cane sugar) increased. Compared to June 2019, there was a decrease of 7.6% due to the decrease in sales of semimanufactured products (-11.1%), manufactured goods (-7%

In imports, the daily average up to the second week of July 2019 (US $ 694.7 million) was 18.1% below the average of July / 2018 (US $ 847.8 million). In this comparison, expenditures decreased mainly with copper and works (-24.0%), cereals and products from the milling industry (-22.6%), motor vehicles and parts (-21.7%), steel -18.3%) and fuels and lubricants (-3.0%). In June / 2019, imports increased by 1.3%, due to the increase in aircraft and parts (+ 68.7%), pharmaceuticals (+ 27.7%), optical and precision medical instruments (+ 9.7% ), fuels and lubricants (+ 8.6%) and organic and inorganic chemicals (+ 3.3%).