Data released by the National Institute of Statistics revealed a 5.28 billion deficit year to date through November. The result represents a drop compared to the last year’s numbers.
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Brazilian foreign sales totaled USD 19.6 billion, surpassing the previous record for the month, set in 2018. Soybean shipments drove the surge.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
The country saw a USD 12.5 billion trade deficit from January to July. Both imports and exports went up in the period.
