Industries News.Net

Brazil exports up 24.4% in first quarter


Agencia Brasil
26 Apr 2017

Brazilian export increased 24.4% in the first quarter this year from the same period last year. Imports also expanded, by 12%. The balance of trade reported a surplus $14.4 billion. Figures were released by the Getuacute;lio Vargas Foundation today (Apr. 26) in Rio de Janeiro.

With the performance observed in the first quarter, the Brazilian foreign trade is estimated to close out the year with a positive balance of $50 billion.

Export grew less (11%) than imports (17%) in the first three months this year compared to the equivalent in 2016. The most significant hike was seen in the mining industry (38%), followed by manufacturing industry (9%). Agriculture slid 7%. As for values, an increase of 15% was reported in the price of exports, compared to a 3% expansion in the price of imports.

Commodities

The volume of exports of non-commodities boosted 16%, whereas commodities saw a 6% expansion. As for values, while the price of imports contracted 11%, the price of exports advanced 29%. Among non-commodities, the price of exports held steady, whereas imports fell 6.5%.

"Commodity prices had been depressed up to the end of last year, and experienced a recovery early this year. In Brazil, for instance, princes of iron ore and oil improved. We also have a more favorable international demand," said Lia Valls, researcher at the Getuacute;lio Vargas Foundation.

Share: Facebook

Google Plus

Twitter

Copyright ©1998-2024 Industries News.Net | Mainstream Media Limited - All rights reserved