Brazil has accumulated a surplus in its trade balance of 50995 million dollars, an increase of 6.1% over the year 2019, but with a decrease in both exports and imports due to the Corona virus.
The Spanish newspaper “La Panjordia” indicated that the accumulated surplus indicates that imports witnessed a higher rate of decline than exports, which allowed achieving a positive balance for South America, which is one of the countries most affected by the epidemic, which recorded 7.7 million cases and 196 thousand deaths. According to the data released. By the Ministry of Economy.
The newspaper pointed out that the decrease in the daily average of imports reached 9.7% as a result of many companies reducing their purchases from abroad, especially between April and June, and because of the strong rise of the dollar against the riyal, which makes products and materials more expensive. Earned for the first time abroad, bringing total imports last year to $ 158.926 million.
Meanwhile, exports also declined during this period, albeit at a slower rate than imports, and overseas sales decreased by 6.1% on the daily average from January to December and amounted to $ 209.921 million..
Despite the trade surplus in 2020, a trade deficit of $ 42 million was recorded in December, with imports exceeding exports..
Overseas purchases during the last month of 2020 were $ 18.407 million, down 5.13% from the last month of 2019, while overseas sales were $ 18.365 million, up 39.9% on the year.
The market and the government expected a trade surplus of approximately 55 thousand million dollars, and now according to the expectations of the Ministry of Economy, the positive balance for 2021 will be 53 thousand million dollars..
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