Brazil Posts Biggest September Trade Surplus in 10 Years

Brazilian trade surplus increased 29.2 percent to USD 3.80 billion in September 2016 compared to USD 2.94 billion in the same month of the previous year, but missing markets expectations of USD 3.9 billion. It was the biggest surplus posted for a September month in ten years, as exports fell 2.2 percent year-on-year while imports dropped at a faster 9.2 percent.
Joana Ferreira | joana.ferreira@tradingeconomics.com 10/3/2016 6:16:23 PM
Exports declined 2.2 percent year-on-year to USD 15.79 billion, following a 9.7 percent gain in August.

Imports shrank 9.2 percent to USD 12.85 billion, after rising slightly by 0.4 percent in the previous month.

Brazil Posts Biggest September Trade Surplus in 10 Years