Brazil Trade Surplus Narrows to 6-Month Low
Brazil reported a USD 1.2 billion trade surplus in November of 2015, the lowest since April and below market expectations of a USD 1.3 billion surplus. In November last year, the country recorded a USD 2.4 billion trade deficit.
12/1/2015 5:46:56 PM
Year-on-year, imports shrank 30.23 percent to USD 12.6 billion and exports fell 11.8 percent to 13.8 billion, the lowest drop since June.
Considering the first eleven months of the year, the country recorded a USD 13.44 billion trade surplus, compared to a USD 3.9 billion gap a year earlier as exports have been declining due to falling commodities prices while a weak real has been dragging imports down at a faster pace.