Brazil Trade Surplus Reaches Record High in May


Brazil recorded a USD 6.44 billion trade surplus in May of 2016, much higher than market expectations of USD 5.5 billion and a USD 2.7 billion surplus a year earlier. It is and the highest surplus on record as exports grew for the second straight month and imports slumped at a slower pace.

Exports went up 4.8 percent year-on-year to USD 17571 million in May, following a 1.4 percent rise in the previous month. It is the first time in more than two years exports rise for two straight months. 

Imports declined 20.5 percent year-on-year to USD 11134 million. Imports went down for the 20th straight month although the fall was the lowest since June last year.

Brazil Trade Surplus Reaches Record High in May


Joana Taborda | joana.taborda@tradingeconomics.com
6/1/2016 7:28:56 PM