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Brazil’s trade balance registered a record surplus of US$11.4 billion in May

By Gabriel Benevides

Brazil's trade balance registered a surplus of US$11.4 billion in May.

This was the highest value of the historical series, which began in 1989, considering all the year's months.

The Ministry of Development, Industry, Commerce, and Services released the figures on Thursday (June 1, 2023).

The result represents a 129.5% increase compared to May 2022, when the balance was US$ 5 billion.

The trade balance is the difference between exports and imports.

When the financial volume of sales abroad exceeds purchases, the country registers a surplus.

The last record was in March . . .

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