Sales jumped 37.6 percent year-on-year to USD 18.87 billion, following an 18.1 percent rise in September. It is the biggest gain for exports since June of 2011, boosted by higher sales of iron ore (68.9 percent); crude oil (5.9 percent); soy beans (116.2 percent); sugar (14.4 percent); corn grain (287.2 percent); cellulose (12.2 percent) and beef (34.1 percent). Shipments to China, the largest export partner, rose 27.8 percent, mainly due to soybeans, iron ore, copper cathodes, beef, copper ore, manganese ore, raw cotton and hydrocarbons. Sales to the US, the second largest export market went up 23 percent due to crude oil, cellulose, earthmoving machinery and equipment, cast iron pipes, semimanufactured gold, aviation engines and turbines, iron/steel semimanufactured, ethanol, iron/steel wire rods and frozen orange juice.
Imports went up 20.2 percent to USD 13.67 billion, following a 12.5 percent rise in the previous month and the highest increase since July of 2013. Purchases went up 68.2 percent for fuels and lubricants, mainly diesel, coal, gasoline, crude oil, natural gas, electricity, cokes, liquefied propane and kerosene; 18.7 percent for capital goods, namely cargo vehicles, paper machines, airplanes, LED lamps, dumpers for transport, helicopters, chassis with diesel engine, medical instruments and apparatus and industrial robots; 9.3 percent for consumption goods namely passenger cars, immunological products, fractions of blood, medicines, video receivers/decoders and t-shirts; 7.9 percent for intermediate goods. Most imports came from China, with purchases rising 23.7 percent while those from the US edged up 0.5 percent.