Market

Brazilian trade balance worst February in 20 years

Negative result is US$2.125 billion.

Brazil Agency
07/03/2014 14:47
Brazilian trade balance worst February in 20 years Imagem: Suape Port Visualizações: 917 (0) (0) (0) (0)

 

The Brazilian trade balance ended February with deficit (exports less than imports), registering negative result of $ 2.125 billion. In January, the balance deficit had opened the year at $ 4.06 billion. The February result is the worst for that month since the start of the series in 1994, offsetting the negative balance of $ 1.7 billion in the same month last year, which until then was the weakest result in 20 years.
The balance in the red last month resulted in $ 18 billion in imports against exports of $ 15.9 billion. During the year, the accumulated balance remains negative $ 6.1 billion, The infomações were released today (6) by the Ministry of Development, Industry and Foreign Trade.
The average daily exports, which corresponds to the financial volume sold per working day was U.S. $ 796.7 million, 7.8% below the level of February 2013 but 9.4% higher than in January this year. The decline in sales over the previous year was generally encompassing basic manufactured goods (9.2%) products (-8.5%), semi (-8.7%) and. Among the items that drew the falling value raised from Brazilian exports are sugar (57.7%), passenger cars (-35.8%), aircraft (-53.9%), gold (-47.4 %), cellulose (-18.3%), soybean oil (-17.1%), corn (-70.5%), crude oil (30.6%) and ore (-7.2 %).
Imports also fell, but less than that recorded for foreign sales pace. The average daily purchases of Brazil abroad was U.S. $ 903 billion in February, 3.4% lower than in the same month of 2013 and 1.1% lower than in January this year.

The Brazilian trade balance ended February with deficit (exports less than imports), registering negative result of US$2.125 billion. In January, the balance deficit had opened the year at $ 4.06 billion. The February result is the worst for that month since the start of the series in 1994, offsetting the negative balance of $ 1.7 billion in the same month last year, which until then was the weakest result in 20 years.


The balance in the red last month resulted in US$ 18 billion in imports against exports of US$ 15.9 billion. During the year, the accumulated balance remains negative US$ 6.1 billion, The infomações were released yesterday (6) by the Ministry of Development, Industry and Foreign Trade.


The average daily exports, which corresponds to the financial volume sold per working day was US$ 796.7 million, 7.8% below the level of February 2013 but 9.4% higher than in January this year. The decline in sales over the previous year was generally encompassing basic manufactured goods (9.2%) products (-8.5%), semi (-8.7%) and. Among the items that drew the falling value raised from Brazilian exports are sugar (57.7%), passenger cars (-35.8%), aircraft (-53.9%), gold (-47.4 %), cellulose (-18.3%), soybean oil (-17.1%), corn (-70.5%), crude oil (30.6%) and ore (-7.2 %).


Imports also fell, but less than that recorded for foreign sales pace. The average daily purchases of Brazil abroad was U.S. $ 903 billion in February, 3.4% lower than in the same month of 2013 and 1.1% lower than in January this year.

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