Brazil’s Trade Balance 10 Year Low: Daily

By Lucy Jordan, Senior Contributing Reporter

BRASÍLIA, BRAZIL – Brazil’s trade surplus hit a ten-year low in 2012, with the global downturn in consumer markets dragging down sales abroad. The trade surplus – calculated by subtracting total annual imports from total annual exports – was US$19.4 billion last year, falling 34.8 percent from the US$29.8 billion surplus posted in 2011, the Ministry of Development, Industry and Foreign Trade said on Wednesday.

Exports fell 5.3 percent . . .

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