Brazil’s March Trade Balance is The Worst in Three Years

Government is working with a forecast of an annual trade surplus for 2019 of US$50.1 billion, with exports expected to total US$245.9 billion and imports US$195.8 billion.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s trade balance in March registered the lowest positive result for the month in the past three years, according to the Ministry of Economy. The positive balance was only US$4.99 billion, the lowest for the month since March of 2016, but government officials say that does not mean the Brazilian economy is weakening.

"Trade balance is not related to the commercial performance of 1 country, it reflects specific macroeconomic conditions. What has to do with commercial performance is the share of the current trade in GDP (Gross . . .

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