Brazil Trade Surplus Beats Expectations


Brazil recorded a $3.04 billion trade surplus in February of 2016 compared to a $2.84 million deficit a year earlier and beating market expectations of $2.57 billion. It was the twelfth consecutive trade surplus as a weaker real continued to drag imports down.

Exports rose by 10.4 percent to $13.35 billion in February from $12.09 billion a year earlier, following a 17.9 percent decline in January. 

Imports contracted sharply by 31 percent to $10.31 billion compared with $14.93 billion in the same month of the previous year, after falling by 38.8 percent in the previous month, due to a weak currency. It was the seventeenth straight month of decline.

Brazil Trade Surplus Beats Expectations


Joana Ferreira | joana.ferreira@tradingeconomics.com
3/1/2016 6:21:20 PM