Brazil’s exports to neighboring South American countries rebound strongly; historic high expected

The trade balance will rise 64.7% to US$7.3 billion in 2021, and the surplus is expected to reach a new high this year. Geographic proximity has increased the competitiveness of the Brazilian industry as a supplier of manufactured goods to South American markets.

With the recovery of the global economy after the crisis, Brazil's trade balance with neighboring South American countries rose 64.7% to US$7.3 billion in 2021 and is expected to reach a new high this year.

In the first half of the year, the balance with South American neighbors showed a surplus of US$6.2 billion, roughly the same as all of last year, according to a survey by the Brazilian Foreign Trade Association (AEB) based on federal government data. The surplus is expected to increase this year.

Last year, Brazil exported US$33.9 billion . . .

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