RIO DE JANEIRO, BRAZIL - The Brazilian trade surplus decreased from US$58 (R$240) billion in 2018 to US$46.7 billion in 2019. Total trade flow fell 4.6 percent last year as a result of a 6.4 percent reduction in exports and a 2.1 percent drop in imports.
The data are from the Foreign Trade Indicator (ICOMEX), released on Friday, January 17th, by the Getulio Vargas Foundation (FGV).
For exports, there was a 5.0 percent retraction in prices and 1.8 percent reduction in volume. In the case of imports, prices dropped 4.4 percent . . .