General

The customs data released by the Ministry of Economy of Brazil on December 1 local time showed that in November this year, Brazil's foreign trade surplus reached 6.68 billion US dollars, higher than the deficit of 1.1 billion US dollars in the same period last year, a record high in the same period in history.

According to customs data, Brazil's exports in November were 28.17 billion US dollars, up 30.5% year on year. Among them, the export of agricultural products increased by 60.8% year on year. According to customs data, the export of corn increased by 222.3%, the export of coffee increased by 47.4%, and the export of soybean increased by 16.2%. The export of mineral products increased by 34.4% year on year, and the export of industrial products increased by 21.5% year on year.

The import volume in November was 21.49 billion US dollars, down 5.5% year on year. Among them, the import of agricultural products decreased by 27%, the import of mineral products decreased by 9.8%, and the import of industrial products decreased by 2.9%. However, in the same month, Brazil's imports of fertilizer and crude oil increased by 192.6% and 152.5% year on year respectively.

Customs data also showed that in the first 11 months of this year, Brazil's exports totaled 308.82 billion US dollars, up 19.9% year on year; The total import volume was US $250.8 billion, up 25.5% year on year. By comparison, in the first 11 months of this year, Brazil achieved a cumulative foreign trade surplus of US $58.02 billion, up 0.7% year on year.

According to customs data, in the first 11 months of this year, the main export destinations of Brazilian products were China's US $84.81 billion, the EU's US $47.29 billion, the US $33.85 billion and Argentina's US $14.36 billion. The main sources of Brazilian imports are: China's US $56.8 billion, the US $47.46 billion, the European Union's US $40.27 billion and Argentina's US $12.12 billion.

According to the prediction of the Ministry of Economy of Brazil, Brazil's foreign trade surplus will reach 55.4 billion US dollars this year, which is basically consistent with the latest expectation of 55 billion US dollars in the country's financial market. Last year, Brazil's foreign trade surplus reached 61.4 billion US dollars, a record high.