Country saw its smallest current account result in three years. The widening of the trade balance surplus was a factor.
Browsing: trade surplus
The Ministry of Development, Industry, Commerce and Services estimates the country will have a record positive trade balance in 2023, with USD 93 billion.
Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.
The Brazilian Foreign Trade Association projects a more significant decline in imports than exports from the country for next year.
Brazil’s trade surplus of USD 4.9 billion was the lowest for the month of May since 2019.
Imports dropped faster than exports, driving a USD 6 billion surplus in September.
The deficit in goods and services trade and income transfers in September was far wider than a year ago.
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.
Exports came out to USD 4.4 billion last week, with imports amounting to USD 2.7 billion.
Overall imports to Brazil were down 1.2% in April, while capital goods imports dropped by 10%. The surplus was the second widest on record for the month.
The second highest surplus on record for a November came as a result of USD 21 billion in exports and USD 17 billion in imports.
Imports came out to USD 3.2 billion, leading to a trade surplus of over USD 1.8 billion.
The month registered a trade surplus of USD 6.121 billion, up 17.9% over the same period of 2017. Exports in the month totaled USD 22.226 billion, with imports reaching USD 16.105 billion.
