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Financial News: BRAZIL: Trade Surplus Falls 25.4% In November From

BRAZIL: Trade Surplus Falls 25.4% In November From A Year Before

12/03/2017 - 08:55:00 (RTTNews)

(RTTNews) - Brazil's trade balance posted a US$ 3.546 billion surplus in November, 31.8% lower than the US$ 5.201 billion in October and 25.4% down from November 2016, according to government data.

Brazilian export revenue totaled US$ 16.688 billion in November, up 2.91% from a year before, while imports rose 14.6% to US$ 13.142 billion.

From January through November, the Brazilian trade surplus is at US$ 62.008 billion, 43.3% higher than in the same period of 2016 (US$ 43.268 billion).

The daily average of exports in October was 2.9% higher than in the same period last year, influenced by a 26.5% increase in basic goods sales, and 3.1% in the sale of semi-manufactured goods. The sale of manufactured goods recorded a 14.2% decrease.

Meanwhile, the daily average of imports increased by 14.7%, due to higher purchases of fuels and lubricants (+69.2%), consumer goods (+20%), capital goods (+10.8%), and intermediate goods (+6.7%).

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