Brazil Trade Surplus Almost Unchanged in August
Brazilian trade surplus narrowed slightly by 4.4 percent year-on-year to USD 1.17 billion in August of 2014, as exports fell at the same pace than imports.
9/2/2014 3:23:13 PM
Year-on-year, exports fell 4.5 percent to USD 20.46 billion and imports decreased at the same pace to USD 19.3 billion. Based on daily average figures, both exports and imports rose a meager 0.1 percent.
In August of 2014, the country posted its sixth consecutive monthly surplus, turning the year-to-date trade balance into a USD 249 million surplus, compared with a USD 3752 million gap in the same period of 2013. Exports fell 0.5 percent while imports decreased at a faster 3 percent. Brazil’s top export partners were China (21 percent of total sales), the United States (12 percent), Argentina (6.3 percent), the Netherlands (6.2 percent) and Japan (2.9 percent).