Brazil Posts Trade Deficit in January

Brazil posted a trade deficit of $4.035 billion in January, the biggest deficit on record. The gap was wider than $1.3 billion deficit in January of 2012.

Exports in January of 2013 fell 1.1 percent versus 2012 to $15.97 billion, while imports rose 14.6 percent from the previous year to $20 billion. The January export value was the second biggest for a month of January while imports value was the biggest for a month of January.

Brazil posted its worst monthly trade deficit on record in January due to a steep rise in imports of fuel and a slight drop in exports.

MDIC | Nuno Fontes |
2/4/2013 8:51:08 AM