Brasil Balança Comercial

Brazil's trade surplus plummeted by 52.7% to $4.34 billion in October 2024, as imports soared while exports declined. Exports edged down by just 0.7% year-on-year to $29.46 billion, driven by a sharp 14.5% drop in extractive industry shipments, totaling $6.40 billion, and a 12.8% decrease in agricultural exports to $5.60 billion. However, manufactured exports rose by 10.9% to $17.26 billion. In contrast, imports surged 22.5% to $25.12 billion, led by a 25.5% increase in manufacturing purchases to $22.95 billion and a 32.6% rise in agricultural imports to $0.47 billion.