Brazil (2019) January Import And Export Double Fall From October To October

The statistics of the Ministry of economic affairs of Brazil (2019) from January to October, Brazil's trade surplus amounted to US $34 billion 823 million, of which the export volume was US $185 billion 437 million, which was 7.7% lower than the 198 billion 980 million US dollars in the same period (2018), and the import volume was 150 billion 614 million US dollars, which was 1.5% lower than that in the same period last year. In October, the export volume reached US $18 billion 231 million, a decrease of 20.4% over the same period last year, and the total import volume was US $17 billion 25 million, an increase of 1.1%.

The Ministry of economic affairs of Brazil said that the decline of crude oil exports was the biggest factor affecting the decline of trade exports in October, and it was attributable to the international situation, that is, the international oil price dropped when the world economic slowdown had a significant impact on crude oil prices, coupled with a slight slowdown in Brazil production over the past two years, resulting in a decline in exports of products. Meanwhile, Brazil semi finished steel has also been affected by falling international prices and declining US market demand. In addition, the decrease in Chinese pigs has a direct impact on soybean exports.

It is estimated that China's pig population is reduced by about 45%, while the soybeans exported to the country are animal feed, which has an impact on grain prices and exports, and this year's harvest is less than that of last year. Another important export product of Brazil's exports is automobiles. 70% of Brazil's exports are sold to Argentina. It is estimated that the country's GDP decreased by 3% this year, which led to a decline in automobile demand, but the export of corn and beef was outstanding.

In October, exports of all major items declined: raw materials (-15.3%), finished products (-26.5%) and semi manufactured products (-20.6%). The products in the raw materials are: crude oil (-51.7%), soybean (-18.1%), coffee bean (-17.2%), tobacco leaf (-16.9%), copper ore (-13.4%), chicken (-9.6%) and iron ore (-9.5%). The products in the finished products include: mechanical equipment (-48.0%), automobile (-41.8%), plastic polymer (-32.1%), unfrozen orange juice (-29.8%), automotive components (-29.6%) and ethanol (-28.7%).

In terms of semi manufactured products, the products are: iron / steel semi-finished products (-62.9%), soybean oil (-59.8%), wood (-35.4%), animal skins and fur (-34.2%) and pulp (-15.4%). Cumulative 1-10 months of export products also fell: finished products (-10.1%), semi finished products (-6.9%) and raw materials (-3.0%). In the same period, import and export components varied: fuel and -7.2% (-6.5%), -6.1% (consumer goods), but intermediate goods increased by +2.2%.