Brazil achieved a record high foreign trade surplus of US$10.349 billion in April this year

Sao Paulo, May 4 (Reporter Mo Chengxiong) The Brazilian Ministry of Economy released data on the 3rd local time showing that in April this year, Brazil's foreign trade achieved a surplus of US$10.349 billion, an increase of 67.9% over the same period last year, setting a record for the highest single month since the country began this statistics in 1989.

Data show that Brazil's exports in April were US$26.481 billion, a year-on-year increase of 50.5%. Among them, mineral product exports increased by 73.2% year-on-year, and iron ore exports increased the most, reaching 106.3% year-on-year. Agricultural product exports increased by 44.4% year-on-year, of which soybean exports increased by 43.1% year-on-year. Industrial product exports increased by 43.9% year-on-year, of which fuel exports increased by 128.9% year-on-year.

Imports in April were US$16.132 billion, a year-on-year increase of 41.1%. Among them, industrial product imports increased by 42.6% year-on-year, mineral product imports increased by 35.5% year-on-year, and agricultural product imports increased by 1.6% year-on-year.

The data also showed that in the first four months of this year, Brazil's total exports amounted to US$82.13 billion, up 26.6% year-on-year; total imports amounted to US$63.873 billion, up 14% year-on-year. In comparison, Brazil has achieved a total foreign trade surplus of US$18.257 billion this year, up 103.9% year-on-year.

In the first four months of this year, the main export destinations of Brazilian products were: China (US$28.44 billion), the European Union (US$10.82 billion), the United States (US$7.9 billion) and Argentina (US$3.51 billion). The main sources of Brazilian imports were: China (US$14.13 billion), the European Union (US$11.83 billion), the United States (US$10.72 billion) and Argentina (US$3.45 billion).

Industry insiders said that since the beginning of this year, Brazil's foreign trade surplus has achieved a significant increase, mainly due to the recovery of global demand, the sharp increase in Brazilian agricultural products and iron ore exports and the rise in prices. In addition, the appreciation of the US dollar is also conducive to the export of Brazilian products.

The Brazilian Ministry of Economy predicts that Brazil's foreign trade surplus this year will reach US$89.4 billion, higher than last year's US$50.995 billion. The latest forecast released by the Brazilian financial market on the 3rd said that the country's foreign trade surplus this year will reach 64 billion US dollars. (End)

Source: China News Network