Brazil Trade Surplus Beats Expectations

Brazil reported a USD 1.996 billion trade surplus in October of 2015, compared to a USD 1.1 billion gap reported a year earlier, higher than market forecasts. It is the eight straight month of surplus as imports fell more than exports.
Joana Taborda | joana.taborda@tradingeconomics.com 11/3/2015 5:43:49 PM
Imports shrank 28 percent year-on-year to USD 14 billion while exports fell 12.4 percent to USD 16.05 billion. 

Considering the first nine months of the year, the country posted a USD 12.24 billion surplus.

Brazil Trade Surplus Beats Expectations