Brazilian Agriculture Minister Tereza Cristina Dias said that she will discuss U.S.-Brazil trade in meat, sugar and ethanol in talks next week between officials of the two countries. Dias, who will travel with President Jair Bolsonaro to the United States, said one of her priorities is to reopen the U.S. market for Brazil’s fresh beef exports, which were suspended almost two years ago over safety concerns.
Encouraging news for Brazil's economic recovery: industrial output increased in April for the first time since December and the trade surplus rose to a record US$ 7.661bn during May, according to government data. Exports boosted by a record soy crop and rising auto sales reached US$ 19.8bn and imports US$ 12.2bn
Brazilian exports outweighed imports by more than US$7 billion in March despite fears that the economy could be hard hit by the country's on-going meat scandal. The country recorded a US$7.14 billion trade surplus last month, the highest level on record for the country and a whopping 61.2% increase on the previous year.
Brazilian exports exceeded imports by US$23.6 billion in the first half of the year - a record for the period. In addition to the basic products, sales grew strongly with the sale of vehicles for Latin America. The data were released by the Ministry of Industry Trade and Services.
Brazil's total agricultural exports slid 8.8% to US$88.2 billion in 2015, compared to the previous year, despite record sales of soybeans, corn, chicken, coffee and cellulose, officials said. The drop in sales was caused by falling prices for the commodities Brazil sells on the global market, Foreign Agribusiness Relations Secretary Tatiana Palermo said.
Brazil accumulated a trade surplus of US$15.8 billion between January and the second week of December, its biggest for that period since posting a US$17.15 billion trade surplus for the first 11 months of 2012, according to Development, Industry and Foreign Trade Ministry figures.
Brazil registered its first annual trade deficit since 2000, according to official data released on Monday. Latin America's largest economy slowed down in 2014 and prices fell for iron ore, soybeans and other key commodities exports.
Brazil posted its lowest trade surplus in 13 years on Thursday, at 2.56 billion dollars for 2013, the trade and commerce ministry said, citing rising imports. The country's foreign trade association AEB had previously warned that 2013 could see the first full-year trade deficit since 2000, which compares with a 19,4bn dollars surplus in 2012
Brazil’s delays loading soybeans for export may worsen in 2014 due to a bigger crop and as some grain facilities are used for sugar shipments, crop analyst Soybean & Corn Advisor Inc. said.
Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star.