The result records exports and imports from January to April 5. The figures were released this Monday by the Ministry of Economy.
On Sunday (5), the trade balance recorded a surplus of US$1.444 billion in the year to date. Such data was reported by the Ministry of Economy this Monday (6).
What is called “surplus” happens when the exports exceed imports. And if the opposite occurs, a trade deficit is recorded.
This figure represents a drop of 43.3% when contrasted with the positive balance of US$11.359 billion recorded in the same period, however, last year.
The decrease in the positive trade balance occurs amid the process of slowdown in the global economy, intensified in recent weeks due to the current pandemic of the new coronavirus.
According to the government, in the year to date, exports totaled US$$ 52.333 billion – a drop of 6.3% compared to the same period in the previous year. The average per day was US$$ 805 million.
With an increase of 2.7% compared to the same period in 2019, imports totaled US$$ 45.889 billion. The average per day was US$$ 706 million.
Beginning of April
At the beginning of April until the 5th, still according to official data, the trade balance registered a surplus (exports minus imports) of US$$ 882 million.
Exports in this period totaled US$1.813 billion, 2.1% higher than the amount recorded in the same period in April 2019. Meanwhile, imports totaled US$1.931 billion, a drop of 0.8% in the same comparison.
According to the government, there was an increase in external sales by the agricultural sector at the beginning of this month (+67.1%). However, there was a drop of 14.3% in sales by the extractive industry and 14.7% in products from the manufacturing industry.
Digital Insurance
Here at Digital Seguro we have a wide variety of articles and news. These cover everything from significant updates on day-to-day events about the country's economic situation and other related topics, to extensive and dense content, in an educational and/or expository format, whose objective is precisely to keep you equipped with all the information you need to recognize the best option and make the best decision for your specific situation. Learn more.