Brazil posts a 26% drop in international services trade in 2020

The result of Brazilian services trade, as well as presenting a sharper drop than the G20 and the world, is also the worst in the decade.

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 . . .

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