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by Wellton Máximo – Brazilian News Agency
Import growth at a faster pace than exports led to a decrease in the trade surplus in January. Last month, the country sold $ 2.192 billion more than it had purchased, down 22.4 percent from the same month last year.
Despite the slowdown, it is the third best month, losing only January 2006 (2.83 billion USD) and 2018 (2.82 billion USD). Last month, the country exported 18.579 billion US dollars and imported 16.387 billion US dollars.
Despite the decline in the trade balance, exports registered a record for January, posting growth of 9.1% over the same month. of last year by the criterion of the daily average. Imports, however, grew at a faster pace, rising by 15.4% in the same comparison, under the effect of the economic recovery.
Commodity sales rose 10.1% between January 2019 and January 2018. by the daily average criterion. Strengths were maize (56.6% growth) and raw cotton (44.5% higher). Exports of semi-manufactures increased by 11.1%. Manufacturing sales also increased by 15.2%, also on a daily average, thanks to a petroleum extraction platform and to aviation engines and turbines.
In January, average prices of exported goods fell by 4.27%. However, the quantities exported increased by 19.41%, offsetting the contraction in commodity prices.
Imports
Due to the evolution of the Repetro, which provides for entry into the country. As for the platforms exported by Petrobras, imports of capital goods (machinery and production equipment) increased by 156.2% compared to January of last year. Purchases of freight vehicles, helicopters and printing devices also contributed to growth.
Imports of intermediate goods increased by 3.6%. In addition, purchases of fuels and lubricants decreased by 12.5% and consumer goods by 3.5%.
Due to the special tax regime applicable to oil extraction equipment, the statistics have been inflated. by an oil platform exported for 1.3 billion US dollars and imported for 2.1 billion US dollars. According to the director of the Department of Intelligence and Statistics of Foreign Trade of the Ministry of Economy, Herlon Brandão, without the platform, exports would have increased by 1.5% in January, which would have allowed to keep the record.
After the balance of the trade balance ended in 2018 at 58.959 billion USD, the second highest positive result in history, the market believes that a smaller surplus in 2019 has been motivated mainly because of the recovery of the economy, which reactivated consumption and imports.
According to the Focus, a weekly survey of financial institutions published by the Central Bank, market badysts expect a US $ 52 billion surplus for this year. Brandão said that the Ministry of the Economy will not make an official forecast of the trade balance in 2019.
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