Brazil posts US$1.1 Billion Trade Deficit in January -Economy Ministry

RIO DE JANEIRO, BRAZIL – Brazil posted a trade deficit of US$1.1 billion in January, official data showed on Monday, February 1st, narrower than the consensus forecast in a Reuters poll of economists for a US$2 billion deficit, and a US$1.7 billion deficit in the same month last year.

Exports in January totaled US$14.8 billion and imports were US$15.9 billion, the ministry said.

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