Brazilian exports break new record and reach US$ 227 billion in the year to date

Brazilian exports break a record in the accumulated period from January to August 2024, reaching US$ 227 billion, which represents an increase of 1,1% over the same period in 2023, according to trade balance data presented this Thursday (5/5) by the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce and Services (Secex/MDIC), relating to the closing of the eighth month of the year.

Imports in the period totaled US$ 173 billion, an increase of 6,6% over 2023, totaling US$ 400 billion in trade flows and US$ 54,08 billion in surplus.

August

The closing of August shows that, in the month, exports reached US$ 29,1 billion, a result 6,5% lower than August 2023. Imports grew 13%, going from US$ 21,47 billion in August/23 to US$ 24,25 billion now.

With these results, the monthly trade flow for August was US$ 53,33 billion, a positive balance of US$ 4,83 billion.

Sectors and products

In August/2024, compared to the same month of the previous year, the performance of the sectors was as follows: a drop of US$ 1,46 billion (19,1%) in Agriculture; a drop of US$ 0,58 billion (8,1%) in Extractive Industry and a growth of US$ 0,1 billion (0,6%) in Manufacturing Industry products.

In the current year, compared to the same period of the previous year, the performance of the sectors was as follows: a drop of US$ 4,54 billion (7,9%) in Agriculture; a growth of US$ 7,55 billion (15,5%) in Extractive Industry and a drop of US$ 0,22 billion (0,2%) in Manufacturing Industry products.

Imports by sector

In terms of imports, August saw growth of US$ 0,07 billion (18,7%) in Agriculture; US$ 0,25 billion (21,6%) in Extractive Industry; and US$ 2,47 billion (12,5%) in Manufacturing Industry products. The good result of imports is a reflection of greater economic activity in the country.

In the current year, there was growth of US$ 0,8 billion (26,5%) in Agriculture; a drop of US$ 0,06 billion (0,6%) in Extractive Industry; and growth of US$ 10,09 billion (6,9%) in Manufacturing Industry products.