Brazil’s Trade Balance Closes January with First Deficit Since 2015

After closing 2019 at US$46.657 billion, the market estimates a lower surplus in 2020, driven mainly by the rebound of the Brazilian economy, which revives consumption and imports.

RIO DE JANEIRO, BRAZIL - The drop in the price of several international products and the reduction in the shipment of a number of items led the trade balance (the difference between exports and imports) to close January with its first deficit in five years. Last month, the country's imports totaled R$3.428 billion more than its exports. This is the worst result for the month since 2015 (-US$ 3.875 billion).

Last month, exports dropped 20.2 . . .

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