Brazil had a record trade surplus of 62.3 billion dollars in 2022

Brazil reported a trade surplus record $62.3 billion in 2022, official data showed Monday.

In December, the trade balance was 4.8 billion dollars in favor, said the Ministry of Development, Industry, Trade and Services.

The figure surpassed the $3 billion surplus expected in a Reuters poll of economists.

The 2022 result was above the most recent expectations of the government of Jair Bolsonarowhich in October had projected a trade surplus of $55.4 billion.

Total exports for the year reached a record figure of 335,000 million dollars, a growth of 19.3%, thanks to the boost in prices in the agricultural and livestock sector.

Imports, for their part, shot up 24.3% and also broke a record, with 272.700 million dollars.

Both ends of the trade flow were affected by a sharp increase in prices, which rose much more than the volume of trades. commercial transactions: 13.6% average in exports and 23.4% in imports.

The higher prices of some raw Materials they also favored the country’s exports, as in the case of soybeans, which had an increase of 20.8% in value, to 46.700 million dollars.

Crude oil shipments grew 39.5% to $42.7 billion.

In December alone, exports grew 14% over the previous year, to $26.6 billion. Imports reached 21.9 billion dollars, 12% more than in the last month of 2021.

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