Brazil’s trade surplus falls to the lowest level in seven months in September

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Rio de Janeiro, Oct 1 (EFE) .- Brazil registered a surplus in its trade balance of 4,322 million dollars in September, the lowest level in the last seven months and a value 15% lower than the same month last year , due to the sharp jump in imports, the Government reported this Friday.

The positive balance in September was not only lower than the same month last year (5,083 million dollars) but also 43.4% lower than that of August this year (7,637 million dollars), according to data released by the Ministry of Economy.

The sharp fall in the surplus was attributed to the jump in imports, which totaled 19,962 million dollars in September, with an increase of 51.9% compared to the same month of 2020, favored both by the devaluation of the real against the dollar and by the economic reactivation of the country after the crisis caused by the pandemic, which led several sectors to increase their external purchases.

Exports also grew in September, but at a lower percentage (+33.3%), to 24,284 million dollars, the highest value for this month since 1989.

According to the Ministry of Economy, Brazil accumulated between January and September of this year a surplus in its trade balance of 56,443 million dollars, with an increase of 38.3% compared to the first nine months of 2020 and the highest value for the period in the history of the country.

Between January and September, exports grew by 36.9%, to 213,223 million dollars, and imports increased by 36.4%, to 156,790 million dollars.

Brazilian exports grew in September favored by the appreciation of the prices of raw materials, mainly minerals and food. While the volume shipped abroad grew 3.8% in September compared to the same month last year, the value received by exporters jumped 30% due to the good prices of their products.

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The value of agricultural exports rose by 12.4% in September, with highlights for wood (+224.3%), soybeans (+57.9%) and coffee (+10.2%).

The income of mineral exporters, on the other hand, rose by 41.4%, with highlights for crude oil (+61.1%), copper and its concentrates (+84.3%) and iron (+30.9 %).

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