Brazil’s trade balance in 2022 reached a surplus of US$ 61.8 billion, informed the Getulio Vargas Foundation (FGV) this Monday (16). The result was slightly higher than that registered in the previous year, when it totaled US$ 61.4 billion.
Still compared to 2021, the value exported grew by 19.1%; the imported value, 24.3%.
According to the press release from the FGV, the result derives from the movements of the main sectors of the Brazilian economy: while the surplus of agriculture and livestock increased, due to restrictions on agricultural supply with the war in Ukraine and climate issues, that of the extractive industry reduced, impacted due to the unfavorable performance of iron ore.
“Agricultural prices should not accelerate with the end of the effect of droughts and substitution of grain sources in Ukraine and Russia, which means that the improvement in exports will depend more on the volume exported”, predicts the FGV.
The manufacturing industry deficit, on the other hand, increased from US$ 45.3 billion to US$ 48.5 billion. The sector accounts for 55.7% of Brazilian exports and 86% of imports.
The extractive industry accounts for 22.8% of exports and 11.3% of imports. In agriculture, the data are 21.3% and 2%, respectively.
In the annual comparison, in terms of value, the highest rate of change in the year came from agriculture (37.9%), followed by transformation (25.2%). The mining and quarrying industry fell by 4.7%.
For this year, the FGV projects lower exports and imports, due to a probable slowdown in the world economy and a growth rate below 1% in Brazil.
Source: CNN Brasil
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