Country saw its smallest current account result in three years. The widening of the trade balance surplus was a factor.
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Inflated prices of products such as fertilizers and oil increased Brazilian imports in July, diminishing the positive trade balance.
Brazil ran a USD 2.2 billion surplus last month as exports cooled off and imports climbed, prompting the government to revise its yearlong estimate.
Brazil ran a USD 2.3 billion surplus last month, the lowest for the month since 2010. Both exports and imports slid.
Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.
Brazil ran a USD 6.4 billion surplus in May, the result of USD 21.4 billion in exports and USD 15 billion in imports.
The number was the result of USD 5.406 billion in exports and USD 3.64 billion in imports.
The surplus came as a result of USD 5.6 billion in exports and USD 3.6 billion in imports.
The result came from USD 4.84 billion in foreign sales, with imports coming out to USD 5.96 billion.
Imports came out to USD 3.2 billion, leading to a trade surplus of over USD 1.8 billion.
Year-to-date through September, the country saw a USD 5 billion deficit, up 23% from a year ago.
Brazil exported USD 19 billion in goods, with imports coming out to USD 14 billion, the Brazilian Ministry of Industry, Foreign Trade and Services said this Monday (1).
The surplus is the result of last week’s USD 5.4 billion in exports and USD 3.4 billion in imports.
The figure was the result of USD 4 billion in exports and USD 2.9 billion in imports, registered in four business days.
