Trade balance has surplus of US$ 10.6 billion in June

The Ministry of Development, Industry, Commerce and Services (MDIC) informed this Monday (3) that the trade balance – the difference between exports and imports – ended June with a surplus of US$ 10.592 billion. The result is the best for the month of June and represents an increase of 19.1% compared to the same month last year, based on the daily average.

With the June result, the trade balance ended the first semester with an accumulated surplus of US$ 45.514 billion, a record result for the period since the beginning of the historical series, in 1989. In relation to the monthly result, the record occurred despite both the both exports and imports fell in June, informed Agência Brasil.

Last month, the country sold US$ 30 billion abroad, down 8.1% compared to the same month in 2022 based on the daily average. Purchases from abroad totaled US$ 19.5 billion, down 18.2% using the same criteria.

On the side of exports, the drop in commodities (primary goods with international quotation) was the main factor responsible for the decline. After breaking a record in the first half of last year, after the start of the war between Russia and Ukraine, commodities have retreated in recent months, causing a retraction in foreign sales. The record soybean harvest contributed to holding back the drop in exports.

Last month, the volume of exported goods rose only 6.7%, while prices fell 15.2% on average compared to the same month last year. In imports, the quantity purchased fell by 3.3%, but average prices fell by 17.7%.