Notícias
FOREIGN TRADE
Trade balance surplus was USD 74.5 billion in 2024, second-best result in historical series
Manufacturing exports reached their peak since records began in 1997. - Credit: rawpixel.com / Disclosure
On Monday, January 6, the Foreign Trade Secretariat of the Ministry of Development, Industry, Commerce and Services [Ministério do Desenvolvimento, Indústria, Comércio e Serviços/MDIC] announced the trade balance figures for 2024, with exports of USD 337 billion and imports of USD 262.5 billion, resulting in a surplus of USD 74.6 billion, the second largest in the historical series, following the USD 98.9 surplus recorded in 2023 .
» Trade Balance - Consolidated Data for 2024
“The Federal Government has been working on projects to both encourage industrial production and place the country on another level of foreign trade”
Geraldo Alckmin, Vice President and Minister of the MDIC
One of the standout achievements of this period was the manufacturing sector’s record exports of USD 181.9 billion, reflecting the Brazilian government’s efforts to bolster national production. Alckmin emphasized, “The MDIC has been working on projects to both encourage industrial production and place the country on another level of foreign trade.”
“The Brazilian trade balance has yielded significant results in 2023 and 2024, with exports reaching unprecedented levels and historic surpluses,” stated Tatiana Prazeres, MDIC Secretary of Foreign Trade. She noted that the 2024 surplus is expected to position Brazil among the top 10 largest trade surplus countries in the world. Prazeres also mentioned the 3.3% increase in the Brazilian trade flow in 2024, underscoring the nation’s increased integration into the global economy. "Exports will contribute significantly to GDP performance in 2024, highlighting the relevance of the external sector to the Brazilian economy," she said.
ACCUMULATED RESULTS — From January to December, compared to the same period of the previous year, the performance of the export sectors was as follows: a decline of USD 9 billion (-11%) in agriculture; growth of USD 1.93 billion (2.4%) in extractive industry; and a rise of USD 4.81 billion (2.7%) in manufacturing industry products. In contrast, the performance of the import sectors was as follows: growth of USD 1.15 billion (25.6%) in agriculture; a USD 0.16 billion rise (1.0%) in extractive Industry; and a USD 20.4 billion increase (9.3%) in manufacturing industry products.