LatinNews Daily - 05 May 2020

* Brazil’s economy ministry has released its latest trade balance figures, according to which Brazil’s trade surplus totalled US$6.7bn in April, the second highest figure for the month in the last decade (after 2017). This April’s trade surplus represents an 18.6% increase on the figure registered in April 2019, largely due to a 10.5% decrease in the value of imports (to US$11.6bn), while exports fell 0.3% to US$18.3bn. In the context of the coronavirus (Covid-19) pandemic, Brazil’s exports to a number of regions decreased in April - including a 44.1% year-on-year fall in exports to other South American countries. But exports to Asia (excluding the Middle East) increased by 28.65%, with a 29.5% increase in exports to China and an 182% increase in exports to South Korea. In the first four months of 2020, Brazil’s exports to Asia and Oceania grew compared with the same period last year (15.5% and 17.6%, respectively), while exports to all other regions fell.

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