MercoPress. South Atlantic News Agency

Brazilian May exports reached US$ 18bn with a trade surplus of US$ 4,5bn

The cumulative total for January to May 2020 showed a 4.5% year-on-year decline in exports and a 0.6% dip in imports

Last month, Brazilian exports totaled US$17.94 billion and imports, US$13.392 billion, which generated a trade surplus of US$4.548 billion. On the export side, there was a 4.2% decline in the daily export average from US$936.02 million in May 2019, to US$896.98 million in May 2020. In relation to imports, there was a 1.6% decline in the daily average over the same comparison period, from US$680.37 million to US$669.58 million.

The cumulative total for January to May 2020 showed a 4.5% year-on-year decline in exports and a 0.6% dip in imports. In the year so far, exports totaled US$85.301 billion and imports US$68.952 billion, with a positive balance of US$16.349 billion and a trade flow of US$154.253 billion.

The cumulative total for the five months compared to year-ago levels also showed the performance of daily export averages by sector as follows: growth of US$40.1 million (23.8%) in agriculture; a decrease of US$7.79 million (-4.1%) in the mining industry, and a decrease of US$70.27 million (-13.7%) in manufacturing.

On the import side, using the same parameters for comparison, there was a decrease of US$0.75 million (-4.1%) in agriculture; decrease of US$15.17 million (-32.7%) in the mining industry, and growth of US$12.08 million (2.0%) in manufacturing.