Brazil Posts Trade Surplus for 11th Month


Brazil recorded a USD 923 million trade surplus in January of 2016, compared to a USD 3174 million deficit a year earlier and higher than market expectations of USD 500 million. The country posted its eleventh consecutive trade surplus as a weak currency has dragged imports down at a faster pace than exports.

Exports shrank 17.94 percent year-on-year to USD 11246 million, following a 4 percent decline in December. Sales have been falling systematically since July of 2014 due to a slump in commodity prices.

Imports contracted 38.83 percent year-on-year to USD 10323 million, the biggest annual drop since October of 1977 and the sixteenth straight month of decline, due to a weak currency.

Brazil Posts Trade Surplus for 11th Month


Joana Taborda | joana.taborda@tradingeconomics.com
2/1/2016 5:39:08 PM