By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The trade balance in Brazil set a record in 2016 registering a surplus US$47.69 billion, according to the Ministry of Industry, Foreign Trade and Services (MDIC). The surplus balance is the highest since the beginning of the historical series in 1989.
According to official data for 2016 the value exported by Brazil totaled US$185.2 billion while the value imported by the country totaled US$137.5 billion. But despite the record surplus, the daily export average fell to US$738 million, a decrease by 3.5 . . .