By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The trade balance in Brazil registered its worst result for the month of October in sixteen years, according the MDIC (Ministry of Development, Industry and Foreign Trade), with imports surpassing exports by US$1.17 billion. According to the MDIC, in October, Brazil exported US$18.3 billion, reduction of 19.7 percent in comparison to October of 2013.

Monthly imports totaled US$19.5 billion, down by 15.4 percent from the same month last year. For the first ten months of the year, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here