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2019 International Trade Balance Declines; Brazil Awaits Good News from Abroad

RIO DE JANEIRO, BRAZIL - Brazil's trade balance recorded a 4.7 percent decline between January and November 2019, compared to the same period in 2018.

Data from the Ministry of Economy show that the country exported and imported US$370.6 billion in products in 2019, compared to US$388.2 billion last year. When separating exports from imports, a drop of 6.8 percent in foreign sales and 2.1 percent in purchases is noted.

According to economists and the National Confederation of Industry, the reduction is a worldwide trend, mainly due to the trade conflict between the . . .

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