Brazilian exports will already exceed US$ 200 billion in 2024

Brazilian exports will already total US$208,3 billion in 2024, the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce and Services (Secex/MDIC) reported this week, during the announcement of the trade balance results for the second week of August. Based on the daily average, there was growth of 1,1% compared to January-August 2023.

“This is excellent news”, commented the vice-president and minister of the MDIC, Geraldo Alckmin. “Even in an adverse international scenario, with a drop in prices, commodities, slowdown in world trade, protectionism and regional conflicts, we not only maintained last year's pace in exports, which was already a very good year, but we are growing. This shows the strength of the Brazilian economy, which has been recovering and presenting excellent results under our government, and the success of President Lula's strategy of traveling the world in search of new partnerships and new markets”.

The balance released by Secex showed that imports also grew year-to-date (4,9% on a daily average), reaching US$ 155,9 billion. As a result, trade flow in the period totaled US$364,2 billion, with a surplus of US$52,3 billion.

For the second week of August, the surplus was US$ 1,8 billion, the result of exports of US$ 6,8 billion against imports of US$ 5 billion, totaling US$ 11,8 billion in trade flow.

In the month of August, exports total US$ 10 billion and imports US$ 7,3 billion, with a positive balance of US$ 2,8 billion and a current balance of US$ 17,3 billion.

Monthly Comparison

In exports, comparing the averages up to the 2nd week of August/2024 (US$1,4 billion) with those of August/2023 (US$1,3 billion), there was growth of 6,3%. In relation to imports, in the same correlation, growth was 11,6% (US$ 1 billion daily average in 2024, against US$ 933,41 million in 2023).

Thus, until the 2nd week of August/2024, the daily average of the trade flow totaled US$ 2,5 billion and the balance, also on a daily average, was US$ 395,75 million. Comparing this period with the August/2023 average, there was an 8,4% growth in trade flow.

Exports and imports by Sector and Products

In the accumulated until the 2nd week of August, the performance of the sectors based on the daily average was as follows: drop of US$56,6 million (-17,1%) in Agriculture; growth of US$ 101,57 million (32,5%) in Extractive Industry and growth of US$ 42,45 million (6,1%) in products from the Manufacturing Industry.

In terms of imports, the performance of the sectors based on the daily average grew by US$4,37 million (27,2%) in Agriculture; drop of US$ 12,36 million (-24,8%) in Extractive Industry and growth of US$ 114,68 million (13,3%) in products from the Manufacturing Industry.