LatinNews Daily - 04 November 2020

* Brazil’s economy ministry has released the latest balance of trade figures, according to which the country recorded a US$5.47bn trade surplus in October. The value of exports totalled US$17.85bn, up 0.3% on October 2019, while the value of imports totalled US$12.38bn, down 20.5% on last year. Compared with the same month last year, exports from the manufacturing industry and extractive industry grew, while those from the agribusiness sector fell. Imports of agricultural products increased slightly in October, while imports from the extractive and manufacturing industries fell sharply year-on-year. However, an increase in the value of exports of agriculture and livestock products has driven the US$47.66bn trade surplus recorded in 2020 so far, with Brazil’s trade balance totalling US$301.1bn in the ten months to October. The deputy secretary for foreign trade statistics, Herlon Brandão, highlighted the impact of the increase in the value of beef, pork, and cotton exports, and the increase in the volume of sugar and soya exports. 

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