Brasil Balança Comercial

Brazil's trade surplus increased by 111.8% to $5.45 billion in February 2024, compared to the same month the previous year. Still, it was the lowest surplus since February 2023 and short of the expected $5.79 billion. Exports grew by 16.3% year-on-year to $23.54 billion, notably supported by a 11.5% surge in agricultural exports totaling $4.86 billion, alongside a 63.9% rise in extractive industry sales amounting to $5.76 billion, and a 5% increase in the manufacturing industry totaling $12.81 billion. Similarly, imports experienced a 2.4% increase, amounting to $18.09 billion, largely attributed to a rise in purchases from agricultural products increased by 5.8% to $0.41 billion, and manufacturing industries saw a 3.9% rise to $16.48 billion, while purchases from extractive industries decreased by 10.1% to $1.15 billion.