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Reuters
a day ago
- Business
- Reuters
Brazil posts lower-than-expected trade surplus in June
SAO PAULO/BRASILIA, July 4 (Reuters) - Brazil's trade surplus in June missed analysts' expectations, government data showed on Friday, as imports kept their recent growth path and the government cut its own yearly surplus outlook. Latin America's largest economy's monthly surplus declined near 7% from a year earlier to $5.89 billion, according to the Ministry of Development, Industry and Trade, missing the $6.45 billion forecast in a Reuters poll of economists. Exports rose 1.4% year-over-year to $29.1 billion, as higher prices of coffee and stronger beef exports helped to offset declines in soy, oil and iron ore. Meanwhile, imports increased by a pace of 3.8% to $23.3 billion, amid increased purchases of multiple products, including fertilizers, auto parts, medicine, aircrafts and machines. The ministry also cut its 2025 trade surplus estimate by nearly a third to $50.4 billion, from $70.2 billion previously, increasing the projection for imports and cutting the exports outlook. Year-to-date, Brazil's trade surplus has plunged almost 28% from the same period in 2024 to $30.1 billion.
Reuters
05-06-2025
- Business
- Reuters
Brazil's poultry exports fell in May, hit by bird flu case
BRASILIA, June 5 (Reuters) - Brazil's poultry exports fell in both value and volume in May from a year earlier, government data showed on Thursday, as trade restrictions following a bird flu case weighed on the sector. Herlon Brandao, director of Statistics and Foreign Trade Studies at the Ministry of Development, Industry, Trade and Services, said at a press conference that poultry exports had been on the rise before the outbreak, the first on a commercial farm in Brazil. In May, poultry exports fell 12.9% to $655 million, while volumes declined 14.4% to about 363,100 metric tons.
