Brazil Trade Surplus Widens Sharply


Brazil recorded a $4.43 billion trade surplus in March of 2016 compared to a $0.46 billion surplus a year earlier and beating market expectations of $3.9 billion. It is the 13th consecutive trade surplus and the highest so far this year as a weaker real continued to drag imports down.

Exports fell 5.8 percent year-on-year to USD 15.99 billion. Sales came back to contraction after rising for the first time in eighteen months by 10.4 percent in February.

Imports contracted 30 percent year-on-year to USD 11.6 billion, 18th straight decline. 

Brazil Trade Surplus Widens Sharply


Joana Taborda | joana.taborda@tradingeconomics.com
4/1/2016 7:49:57 PM