Brazil Trade Surplus at 3-Month High
Brazil recorded a USD 2.94 billion trade surplus in September of 2015, compared to a USD 0.94 billion gap a year earlier. It is the seventh straight surplus and the highest since June, above market expectations.
10/1/2015 7:27:18 PM
Year-on-year, exports fell 17.7 percent to USD 16.2 billion while imports shrank 35.8 percent to USD 13.2 billion.
Considering the first nine months of the year, Brazil reported a USD 10.25 billion trade surplus. The government expects the trade surplus to reach USD 15 billion this year and to widen to USD 25 billion in 2016, as a weak real will help to boost exports.