Brazil Posts Trade Deficit in September


Brazilian trade balance swung into a USD 939 million gap in September of 2014, compared with a USD 2146 million surplus a year earlier. It is the first shortfall in seven months, as exports contracted for the second month in a row.

Year-on-year, exports fell 6.6 percent to USD 19.6 billion in September, following a 4.5 percent drop in the previous month. When adjusted for working days, sales contracted at a faster 10.2 percent. Meanwhile, imports rose 9 percent on the year to USD 20.5 billion.

Considering the first nine months of 2014, the country’s trade deficit widened to USD 690 million in September compared with a USD 249 million gap in August. 

Brazil Posts Trade Deficit in September


Joana Taborda | joana.taborda@tradingeconomics.com
10/1/2014 7:16:45 PM