State Government of Rio Grande do Sul
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Balance of Trade

The balance of trade of Rio Grande do Sul kept a positive trajectory in the period 2007 - 2017

The balance of trade is the difference between exports and imports. The balance is considered positive when the values of exports are higher than those of the imports – surplus, and it is negative when the values of imports are higher than those of the exports – deficit.

The Brazilian balance of trade with other countries recorded a positive balance in 2017. However, in the last decade periods of growth and decline were registered. Until 2014 there was a downward trend, reaching a deficit of 4 billion. Since then, the balance has been positive, reaching US$ 67 billion FOB¹ in 2017.

Considering Brazilian exports, there is a predominant participation of basic products, in its export agenda since 2011, what leaves no doubt as to the importance of this set of goods, which allows us to classify Brazil as a commodity exporter.2

The balance of trade of Rio Grande do Sul for the same period oscillated, but remained always positive. It presented its lowest balance in the year 2012. Recovering in the following year reaching US$ 8.3 billion FOB, the highest value in the decade. In 2017 the balance was US $7.5 billion FOB.

The value of the State's exports, in this period, increased 18.4%, from US $ 15 billion FOB in 2007 to US$ 17.8 billion FOB in 2017. Although the total value has grown, a decrease has been observed in the years of 2009, 2011, 2013 and 2016.

Imports, in the same period, went from US$ 10.2 billion to US$ 9.9 billion, with decreases in the years 2009, 2014 and 2015.

With regard to the participation of Rio Grande do Sul in Brazilian exports over these 10 years, there was an increase from 7% to 10% in the 2007-2017 period. In Brazilian imports, the state showed a small decrease in participation, from 8% in 2007 to 7% in 2017.

 

¹ Added: the total number of States, consumption on board, abroad, nationalized goods, not declared and re-exportation.

2 IPEA. Resposta das Exportações Brasileiras a Choques de Commodities In: Carta de conjuntura nº 30, 19 de abril de 2016.

Evolution of the Balance of Trade – BR – 2000 2017 (US$ 1,000 FOB)
graf Evolution of the Balance of Trade – BR – 2000 2017 (US$ 1,000 FOB)

Source: MDIC/Estatísticas de Comércio Exterior

Evolution of the Balance of Trade – RS – 2000 2017 (US$ 1,000 FOB)
graf Evolution of the Balance of Trade – RS – 2000 2017 (US$ 1,000 FOB)

Source: MDIC/Estatísticas de Comércio Exterior

Participation of RS in Brazilian exports and imports – 2000 2017 (%)
graf Participation of RS in Brazilian exports and imports – 2000 2017 (%)

Source: MDIC/Estatísticas de Comércio Exterior

Socioeconomic Atlas of Rio Grande do Sul