Brazil Posts Trade Deficit in October on Record Imports


In October of 2013, Brazilian trade balance turned into a deficit of 224 million USD, as imports rose to its highest value ever. The result was well below market expectations, as Brazil had posted trade surpluses in the previous two months.

Exports reached 22.82 billion USD and rose 8.7 percent over the previous month. Compared with the same month last year, shipments increased 4.9 percent. 

Imports amounted to 23 billion USD, the highest value on record. The result represents an annual increase of 14.6 percent and a surge of 22.3 percent over the previous month. 
In October of 2012, the country posted a trade surplus of 1.6 billion USD and last month the surplus reached 2.15 billion USD.

Brazil Posts Trade Deficit in October on Record Imports


Joana Taborda | joana.taborda@tradingeconomics.com
11/1/2013 5:43:00 PM