Brazil Reports Lowest May Trade Surplus In 11 Years
In May of 2013, Brazil posted a trade surplus of 760 million USD, down from 2.9 billion USD a year ago. Exports dropped on the back of lower commodity prices and imports increased.
6/4/2013 12:32:48 PM
Exports contracted by 6 percent year-on-year to 21.82 billion USD. Shipments of manufactured goods dropped by 5 percent over a year earlier.
Imports climbed by 4 percent over a year earlier to 21.06 billion USD.
From April to May, exports expanded 5.7 percent, while imports contracted by 2.5 percent.
In the first five months of the year, Brazil has accumulated a trade deficit of 5.39 billion USD, from 6.26 billion USD trade surplus recorded in the same period last year.