The Brazilian Foreign Trade Association projects a more significant decline in imports than exports from the country for next year.
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The Brazilian trade balance had a positive result last month, reaching well above November 2021. Oil and grains boosted performance.
The country had a negative balance of USD 4.6 billion in current transactions in October, lower than USD 6 billion in the same month of 2021.
Brazil recorded a current-account deficit of USD 2.4 billion in February, down from a year earlier.
In August, exchanges of goods and services and income transfers between Brazil and other countries resulted in a positive balance. It was the best performance for the month since 2006.
