Advanced Search

LatinNews Regional Monitor: Brazil & Southern Cone - 2 April 2019

In brief: Brazil

* Brazil’s secretary of foreign trade (Secex) in the economy ministry has released the latest trade balance figures, which show that Brazil registered a trade surplus of US$4.99bn in March, a 22.3% decrease on the trade surplus recorded in March 2018. The trade surplus for the first quarter of 2019 totalled US$10.89bn, an 11.1% decrease on the trade surplus during the same period last year. Brazilian exports of basic commodities increased 8.7% in the first quarter of 2019, but exports of manufactured and semi-manufactured products fell 9.8% and 3.5% respectively. Secex projects that Brazil’s trade flow will grow 4.9% this year compared to 2018, estimating that the sum of Brazilian imports and exports will reach US$441.7bn, with an expected annual trade surplus of US$50.1bn.