Brazil Posts Trade Surplus in March
Brazilian trade balance turned into a USD 112 million surplus in March of 2014, following two straight monthly deficits, but still it was the lowest surplus for any March month in the last thirteen years.
On a monthly basis, while exports surged 10.6 percent in March to USD 17.6 billion, imports dropped for the second straight month by 3 percent to USD 17.5 billion.
Exports averaged USD 927.8 million per day in March, down 4 percent over a year earlier, but up 16.5 percent from February.
Imports averaged USD 921.9 million per day, down by an annual 3.8 percent and up 2.1 percent from the previous month.
Compared with the same month last year, imports fell 8.6 percent as purchases of fuels and lubricants declined and exports shrank 8.8 percent. Sales of semi-manufactured goods decreased 19.6 percent and those of manufactured goods declined 15.3 percent.
Considering the first three months of 2014 together, exports contracted 2.5 percent over a year earlier and imports declined marginally by 0.6 percent.
4/1/2014 8:27:07 PM