LatinNews Daily Report - 03 April 2012

Brazil | Best March export result since 2007. Exports in the month of March rose 3.5% year-on-year to US$20.9bn, the best result for the month since March 2007. Imports totalled US$18.8, up 1.7% year-on-year, giving a monthly trade balance of US$2.1bn. The first quarter trade surplus was US$2.44bn, on exports of US$55.1bn and imports of US$52.64bn. The surplus was down 22.4% year-on-year, dragged down by a weak result in January.  China, which took record soya deliveries, recovered its position from the US as Brazil’s main export destination in March; however, sales to other Asian counties, like India, are growing at a much faster rate.

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