Exports jumped 32.6 percent year-on-year to USD 14911 million, following a 5 percent drop in the previous month. It is the biggest rise since August of 2011. Sales rose for primary products (30 percent), namely soybeans (124.7 percent), iron ore (124.5 percent), oil (97.7 percent), pork (60.2 percent), chicken (23.4 percent), coffee (7.8 percent) and beef (5.1 percent). Shipments also rose for sugar (112.7 percent), fuels (271.2 percent), orange juice (251.2 percent), cargo vehicles (114 percent) and auto vehicles (34.5 percent). Sales to China recorded the biggest increase (74.3 percent), mainly due to oil, iron ore and soybeans.
Imports went up 18 percent to USD 12187 million, following a 9.3 percent rise in the previous month. It is the strongest increase since October of 2013. Purchases of intermediate goods rose the most (22.8 percent), followed by fuels and lubricants (15.8 percent) and consumer goods (2.8 percent) while capital goods went down 40.1 percent. China was the main importt partner, followed by the United States, Germany, Argentina and South Korea.
In 2016, the country recorded a USD 47.69 billion surplus, the trade surplus on record and higher than USD 19.69 billion in 2015. Exports fell 3.1 percent and imports shrank at a faster 19.8 percent.