Brazil Trade Balance at US$50.995 Billion Surplus in 2020, Below Prior Estimates

The figure was buoyed by exports of US$209.921 billion, which exceeded the US$158.926 billion in imports.

RIO DE JANEIRO, BRAZIL - With the coronavirus pandemic affecting imports more than exports, Brazil recorded a positive balance of US$50.995 billion in foreign trade in 2020. This represents an increase of 6.2% over the 2019 trade balance. However, the 2020 result fell below the projected median of US$51.2 billion surplus.

According to data released by the Ministry of Economy's Foreign Trade Secretariat on Monday, January 4th, the figure was buoyed by US$209.921 billion in exports, which exceeded imports by US$158.926 billion.

Overall, the pandemic led to a 7.7% drop . . .

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