Brasília – Brazil recorded a trade surplus – positive export result – of US$ 16.907 billion in the first eight months this year. The value is 38.43% lower than recorded during the same period of last year (US$ 27.461 billion). The information was supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.
From January to August, exports totalled US$ 130.843 billion and imports, US$ 113.936 billion. The reason for the reduction in the trade surplus is the depreciation of the dollar against the real (Brazilian currency) and the rising income, which encourages imports.
In August, the trade surplus reached US$ 2,269 billion, with exports of US$ 19.747 billion and imports of US$ 17.478 billion. In the last week of the month, the surplus stood at US$ 990 million, with exports of US$ 4.823 billion and imports of US$ 3.833 billion.
*Translated by Gabriel Pomerancblum
