Brazilian exports break record in July and year to date

Brazil broke a record for exports last month and also in the year to date (January to July), according to data released this Tuesday (6/8) by the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce and Services (Secex/ MDIC), relative to the July closing date.

In the month, exports totaled US$30,9 billion, 9,3% above July 2023. Imports reached US$23,3 billion, an increase of 15,7% over the same month last year. As a result, trade closed at US$54,2 billion, with a surplus of US$7,6 billion.

Year to date, Brazil reached US$198,2 billion in exports, growth of 2,4% over the first seven months of 2023; and US$ 148,6 billion of imports, an increase of 5,6%. Thus, the trade flow was US$ 346,8 billion and the surplus was US$ 49,6 billion.

Exports by sector and products

In July, compared to the same month in 2023, there was growth of US$ 0,55 billion (8,3%) in Agriculture; US$0,73 billion (11,5%) in Extractive Industry; and US$ 1,34 billion (8,9%) in products from the Manufacturing Industry. 

In the current year, compared to the same period in 2023, the performance of the sectors was as follows: drop of US$ 3,03 billion (6,1%) in Agriculture; growth of US$8 billion (19,5%) in Extractive Industry; and a slight drop of US$ 0,05 billion (0,04%) in products from the Manufacturing Industry. 

Imports by sector and products

In imports, comparing only the months of July, there was growth of US$ 0,13 billion (35,9%) in Agriculture; drop of US$ 0,02 billion (-1,1%) in Extractive Industry; and growth of US$3,05 billion (16,8%) in Manufacturing Industry products. 

Year-to-date, the performance of the sectors in relation to 2023 was as follows: growth of US$ 0,73 billion (27,6%) in Agriculture; drop of US$ 0,32 billion (-3,2%) in Extractive Industry; and growth of US$7,63 billion (6%) in Manufacturing Industry products.