Brazil reports US$ 2.661 billion trade surplus in third week of October

Brazil's trade balance recorded a surplus of US$ 2.661 billion during the third week of October, according to data from the Ministry of Development, Industry, Trade and Services (MDIC). This weekly figure was driven by US$ 8.232 billion in exports against US$ 5.572 billion in imports.

For the month of October, the accumulated surplus reached US$ 5.959 billion. Compared to the same period in the previous year, exports grew by 33.5%. Key sector performances included a 70.7% increase in extractive industry exports (US$ 6.40 billion), a 21% rise in agribusiness (US$ 4.09 billion), and a 20.9% increase in manufacturing (US$ 10.32 billion).

On a year-to-date basis, the trade surplus stands at US$ 68.355 billion, representing a 36.8% increase compared to the same period last year. The MDIC projects a total annual surplus of US$ 84.4 billion, a 24% increase over the previous year, though this projection was recently revised down from an earlier estimate of US$ 90 billion.