Brazil exports up 10% in May

BRASÍLIA, Brasil, 17 June 2019 /PRNewswire Policy/ -- Brazilian exports increased ten percent in May 2019 from May last year. According to figures from the Getulio Vargas Foundation (FGV), chief among importing countries was the US, which saw a 72% surge in the month from the same period last year.

On the other hand, a decline was reported for exports to Argentina and China. The trade with the South American neighbor has been on the wane since the beginning of the year as a result of the Argentine crisis. Sales to China, in turn, have been slowing down since March.

The increase in exports to the US may have come as a result of high crude oil sales (492%) and semi-manufactured iron and steel goods (322%) to the country.

Brazilian imports from all countries went up 12.9 percent in May. Brazil's balance of trade stood at $6.3 billion a month. Year-to-date, exports slipped 0.9 percent, whereas imports increased 1.8 percent—a balance of $22.1 billion.

Fonte: Agência Brasil - Empresa Brasil de Comunicação S/A - EBC