LatinNews Daily - 03 August 2021

* Brazil’s economy ministry has released the latest figures on trade, which show that Brazil’s exports totalled a record US$25.53bn in July, while imports totalled US$18.13bn, leaving a US$7.4bn trade surplus. Over the January-July period, Brazil recorded a trade surplus of US$44.13bn, up 48.6% on the same period a year earlier; exports grew 35.3% to US$161.42bn in January-July, while imports were up 30.9% to US$117.29bn. According to the secretariat of foreign trade (Secex), the value of exports, the trade surplus, and overall trade flows over the first seven months of this year hit record highs. “We have never exported so much in the first seven months of the year, in value, as during this year 2021,” Herlon Brandão, the deputy secretary for foreign trade intelligence and statistics, said. Meanwhile the increase in imports, while not to record levels, is taken as a further sign of economic recovery from the crisis caused by the coronavirus (Covid-19) pandemic. 

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