Despite increased exports, Brazil’s tire trade balance remained in deficit in April.

Brazil's tire trade balance remained in deficit in April, despite improved export performance and a decline in imports. This analysis comes from… DATAGRO This information is included in the latest bi-weekly rubber report, published this week. According to data from the Secretariat of Foreign Trade (Secex), Brazil exported 22,900 tons of tires last month, a 20.6% increase compared to March. Revenue from shipments reached US$118.36 million, a 21.75% increase in the same comparison. As for imports, the country received 66,080 tons of tires in April, a monthly decrease of 12.38%, while the value of foreign purchases fell 11.86%, to US$172.22 million. Despite the increase in exports and the decrease in imports, the trade balance for the segment remained in deficit at US$53.8 million in the fourth month of the year. "From January to April, exports totaled 78,500 tons and US$404.79 million, while imports totaled 291,370 tons and US$778.17 million, maintaining the predominance of external purchases in both volume and value," assesses DATAGRO. For more information, access the complete bi-weekly report at [website address – not provided in the text]. analysis section of the DATAGRO Portal.

This text was translated by machine from Brazilian Portuguese.