Brazil Trade Surplus Widens Sharply in June

Brazilian trade surplus increased to USD 2.36 billion in June of 2014 from USD 0.71 billion in the previous month. It is the fourth consecutive monthly surplus, as exports rose and imports fell.

When adjusted for working days, exports increased 3.56 percent on average from May to June and imports fell 5.15 percent. 

Year-on-year, sales shrank 3.15 percent to USD 20.47 billion and imports fell at a faster 3.8 percent to USD 18.1 billion. Shipments of sugar raw contracted 17 percent and corn sales fell sharply by 68 percent. In contrast, coffee sales rose 25.96 percent and those of orange juice jumped 39.3 percent.

Considering the first semester of 2014, the country accumulated a USD 2.94 billion trade deficit, lower than a USD 3.07 billion shortfall in the same period of 2013. 

Brazil Trade Surplus Widens Sharply in June

Joana Taborda |
7/2/2014 5:09:26 PM