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Brazil trade surplus widens 92.4% in July

Staff Writer | August 1, 2016
Brazilian trade surplus increased 92.4 percent year-on-year to $4.58 billion surplus in July of 2016.
Brazilian trade surplus
Brazilian economy   Exports fell for the second consecutive month
It was the biggest surplus for July month since 2006 while below market expectations of $4.95 billion surplus. Exports fell for the second consecutive month and imports shrank at a faster pace.

Exports declined 11.9 percent year-on-year to $16331 million, following a 14.7 percent drop in June.

Imports went down 27.4 percent year-on-year to $11752 million, 22nd straight month of decrease and also reaching the lowest value for July month since 2009.