RIO DE JANEIRO, BRAZIL - Brazil recorded a drop in its services trade flow in 2020, above the average recorded by G20 countries and the world. A survey by the National Confederation of Industry (CNI), based on data from the World Trade Organization (WTO), shows that last year, the Brazilian services trade flow fell 26% compared to 2019. The value went from US$95 billion to US$75 billion.
Brazilian exports of services totaled US$28 billion in 2020 (-17%), while imports reached US$47 billion (-31%).
The G20 economies traded US$8.8 trillion in services in 2020, a drop . . .