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LatinNews Daily - 03 November 2022
In brief: Brazil’s trade surplus doubles year-on-year
* Brazil’s economy ministry has published the latest balance of trade figures, showing that the country registered a trade surplus of US$3.9bn in October – up 100% in year-on-year terms. From January to October, Brazil posted a trade surplus of US$51.6bn, down 11.7% on the same period of 2021, as while exports increased 19.1% from January to October 2021, imports rose at a faster pace, up 29.3%. Brazilian exports in October totalled US$27.3bn in October, which represents a 27.1% year-on-year increase, boosted by strong sales of grain and beef. Imports totalled US$23.4bn, an increase of 19.8%.
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