Brazil’s trade surplus in 2012 is lowest since 2002

7 January 2013

The Brazilian balance of trade ended 2012 with a surplus of US$19.43 billion, which is the worst result since 2002, the country’s Ministry for Development, Industry and Foreign Trade (MDIC) said in Brasilia.

In 2002 the Brazil’s trade surplus totalled US$13.1 billion and last year’s surplus accounted for a drop of 34.7 percent against the surplus of US$29.79 billion posted in 2011.

In 2012 Brazil exported goods worth US$242.58 billion and imported goods worth US$223.14 billion.

China and the United states were Brazil’s main trading partner. China purchased goods from Brazil totalling US$41.2 billion and the US acquired goods from the South American nation worth a total of US$26.8 billion.

Argentina was the third biggest trading partner. It acquired goods worth US$18 billion, followed by the Netherlands, which purchased goods worth US$15 billion, and Japan with US$8 billion.

In December, exports exceeded imports by US$2.25 billion, with exports totalling US$19.74 billion and imports totalling US$17.49 billion. (macauhub)