Brazilian exports grew 10% in May this year, compared to May last year. According to the Getulio Vargas Foundation (FGV), the highlight was sales to the United States, which grew 72% in the month compared to the same period of 2018.
 
At the same time, exports to Argentina and China fell. Trade with the South American neighbor has been falling since the beginning of the year due to the Argentine economic crisis. Sales to China have been slowing since March.

The increase in exports to the United States can be explained by the increase in sales of crude oil (492%) and semimanufactured iron and steel (322%) to that country. The two products accounted for 24% of the total exported by Brazil to the North American market.
 
Brazilian imports (from all countries) grew 12.9% in May. The balance of the country’s balance of trade was 6.3 billion dollars in the month.

Source: Agência Brasil