Brazil Achieved A Surplus Of US $4 Billion 714 Million In March This Year, An Increase Of 9.7% Over The Same Period Last Year.

China News Agency St Paul electric (reporter Mo Chengxiong) data released by the Ministry of economic affairs of Brazil on 1 may show that in March this year, Brazil's foreign trade surplus reached 4 billion 714 million US dollars, an increase of 9.7% over the same period last year.

Data show that in March, Brazil's exports amounted to $19 billion 239 million, down 4.7% from the same period last year. Among them, the export of manufactured goods decreased by 14.9% compared with the same period last year, and the export of basic products decreased by 0.6% compared with the same period last year. However, exports of semi-finished goods increased by 6.1% over the same period last year. Exports mainly include iron ore, automobiles, soybeans and corn.

Imports amounted to US $14 billion 525 million, down 4.5% from the same period last year. Among them, imports of consumer goods fell by 19.3% over the same period last year. However, imports of intermediate goods increased by 3.5% compared to the same period last year, and imports of capital goods increased by 2.8% over the same period last year.

Data show that in the first quarter of this year, Brazil's total exports amounted to 50 billion 95 million US dollars, down 3.7% from the same period last year, and the total import value was 43 billion 960 million US dollars, down 2.6% compared with the same period last year. By comparison, Brazil achieved a surplus of US $6 billion 135 million, down 32% from the same period last year.

In the first quarter of this year, Brazil's products export destination countries were mainly China: 14 billion 621 million US dollars, US $5 billion 288 million, Argentina 2 billion 168 million US dollars, Holland 2 billion 67 million dollars and Singapore 1 billion 698 million US dollars.

The main source countries of Brazil's imports are: China $10 billion 33 million, US $7 billion 973 million, Germany $2 billion 517 million, Argentina $2 billion 237 million and Japan $1 billion 150 million.

Insiders said that since the beginning of this year, due to the global spread of the new crown pneumonia epidemic and the severe shrinkage of foreign markets, Brazil's foreign trade surplus has been greatly reduced. Brazil's financial market has recently predicted that the country's foreign trade surplus will reach $35 billion this year, while Brazil's central bank forecasts $33 billion 500 million. Last year, Brazil achieved a foreign trade surplus of US $46 billion 674 million, down 19.6% from 2018.