If, in politics, Brazil has been in turmoil since the beginning of Dilma Rousseff's impeachment process at the end of 2015, and the economy continues to give encouraging signs. On the same day that the São Paulo Stock Exchange registered a new historical record of points (77,891), the Government announced another record in the trade balance. The country obtained a trade surplus of 67 billion dollars in 2017, 40.5% higher than the previous year, thanks to the increase in volume and prices of its exports, according to official data released on Tuesday.
The result is in line with the $ 66 billion projected by the market in the weekly survey conducted by the Central Bank and within the 65-70 billion range envisaged by the Ministry of Industry, Foreign Trade and Services (Mdic).
The trade balance for December had a surplus of US $ 4.998 billion, with a year-on-year jump of 13.2%, which contributed to leaving behind US $ 47.683 billion in 2016. "Market expectations were very high (.. .) and exports grew for the first time after five years, "said Minister Marcos Pereira of Mdic.
The minister added that imports grew for the first time in three years due to the improvement registered by the Brazilian economy after leaving one of the worst recessions in its history. "This shows a real recovery of the economy," said Pereira.
Positive trade balances with China and Argentina were one of the drivers of the 2017 trade balance of Latin America's largest economy.
Overall, overseas sales totaled $ 217.7 billion in 2017, up 18.5 percent from $ 185.2 billion a year earlier, while imports amounted to $ 150.7 billion, up 10, 5% over the previous year's 137.5 billion.
"It's good for Brazil because it guarantees the entry of dollars. We have a very good reserve mattress that can continue to increase. This allows the country's perception of risk not to change, "Raul Velloso, an economic consultant and former Secretary of Economic Affairs of the Ministry of Planning, told AFP news agency.

China and Argentina boost Brazil's record balance of trade

If, in politics, Brazil has been in turmoil since the beginning of Dilma Rousseff's impeachment process at the end of 2015, and the economy continues to give encouraging signs. On the same day that the São Paulo Stock Exchange registered a new historical record of points (77,891), the Government announced another record in the trade balance. The country obtained a trade surplus of 67 billion dollars in 2017, 40.5% higher than the previous year, thanks to the increase in volume and prices of its exports, according to official data released on Tuesday.
The result is in line with the $ 66 billion projected by the market in the weekly survey conducted by the Central Bank and within the 65-70 billion range envisaged by the Ministry of Industry, Foreign Trade and Services (Mdic).
The trade balance for December had a surplus of US $ 4.998 billion, with a year-on-year jump of 13.2%, which contributed to leaving behind US $ 47.683 billion in 2016. "Market expectations were very high (.. .) and exports grew for the first time after five years, "said Minister Marcos Pereira of Mdic.
The minister added that imports grew for the first time in three years due to the improvement registered by the Brazilian economy after leaving one of the worst recessions in its history. "This shows a real recovery of the economy," said Pereira.
Positive trade balances with China and Argentina were one of the drivers of the 2017 trade balance of Latin America's largest economy.
Overall, overseas sales totaled $ 217.7 billion in 2017, up 18.5 percent from $ 185.2 billion a year earlier, while imports amounted to $ 150.7 billion, up 10, 5% over the previous year's 137.5 billion.
"It's good for Brazil because it guarantees the entry of dollars. We have a very good reserve mattress that can continue to increase. This allows the country's perception of risk not to change, "Raul Velloso, an economic consultant and former Secretary of Economic Affairs of the Ministry of Planning, told AFP news agency.

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