Imports Fall 36% in January as Brazil Registers Trade Surplus

Isabel Versiani – Folha de S. Paulo, 02/02/2016

Brazil’s trade balance closed out January with a surplus of US$923 million, the first surplus for January since 2011 and the highest in nine years.

Exports totaled US$11.2 billion, with a 14% fall compared to January last year. However, imports fell by 36% in the same period, down to US$10.3 billion.

This is the lowest value since 2009, when the country was suffering from the effects of the global financial crisis, following the closure of the American bank Lehman Brothers.

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