Brazil Sees Record-Breaking Trade Surplus in 2016

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - In figures released on Tuesday, November 1st, from January to October of this year, Brazil registered a US$38.5 billion trade surplus. According to Brazil’s Ministério da Indústria, Comércio Exterior e Serviços (Ministry of Industry, Foreign Trade and Services), the figure represents the largest trade surplus the country has ever recorded for the period and is more than three times larger the 2015 surplus for the same period.

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