Brazilian trade balance registers surplus of US$ 5.44 billion in July

The Brazilian trade balance closed the month of July with a surplus of US$ 5.44 billion, which represents a drop of 22.7% compared to the same month of 2021. The figures, released by the Ministry of Economy this Monday (1st), also shows that from January to July 2022, the balance was US$ 39.6 billion, 10.4% lower than in the same period last year.

The trade flow, which serves as a thermometer for economic activity, increased 30.8% in July this year, compared to July 2021. In total, the sum of Brazilian exports and imports was US$ 54.47 billion.

In exports, the sector that grew the most was agriculture, which registered an increase of 40.2%, totaling US$ 6.72 billion exported. Followed by the manufacturing industry, up 33.2%. The extractive industry recorded a decrease of -5.6% in this type of transaction, totaling US$ 6.69 billion exported in July.

In the case of imports, Brazil registered growth of 41.6%, reaching US$ 24.51 billion imported. According to the Ministry of Economy, the growth in imports was influenced by the increase in purchases of products such as wheat and rye, crude fertilizers, petroleum fuel oils or bituminous minerals, and chemical fertilizers or fertilizers.

It is important to highlight that the production chain of these items was strongly impacted by the war in Ukraine. Brazil’s import relations with Argentina, which is a major wheat producer, increased by 17.4%. With the United States, Brazil’s partner in the oil sector, it recorded a 60.9% increase in imports from the North American country.