Exports reached USD 20,085 million, boosted by sales of basic products (29.7 percent), mainly iron ore (186.7 percent), crude oil (145.9 percent), pork (33.4 percent) and chicken meat (7 percent). Shipments also increased for manufactured (12.3 percent) and semimanufactured products (7.4 percent), namely hydrocarbons (170.9 percent), fuel oils (161.7 percent), synthetic rubber (111.9 percent), semimanufactured iron and steel (109.3 percent), flexible tubes of iron and steel (94.6 percent) and cargo vehicles (67.1 percent).
Imports went up to USD 12,940 million, mainly due to purchases of fuels and lubricants (14.4 percent), intermediate goods (10.6 percent) and consumer goods (1 percent), while purchases of capital goods fell 10.5 percent.
Considering the first quarter of 2017, exports increased 20.4 percent on a calendar adjusted basis to USD 50.5 billion and imports rose at a slower 8.4 percent to USD 36 billion, resulting in a USD 14.4 billion trade surplus. Sales to China jumped 57.7 percent and accounted for nearly 25 percent of total exports.