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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The trade balance in Brazil for January through July of 2016 registered the highest surplus for the period since the series started in 1989, at US$28.23 billion, according to data released by the Ministry of Development, Industry and Foreign Trade (MDIC). Among the factors that favorably influenced the Brazilian trade balance were the significant reduction of imports and the foreign exchange rate.

According to Herlon Brandão, director of the Statistics and Export Support Department at MDIC from January to July Subscribe to our Premium Membership Plan. Already Subscribed?