RIO DE JANEIRO, BRAZIL - With the continuous drop in imports due to the Covid-19 pandemic, the Brazilian trade balance recorded another surplus in October. Exports exceeded imports by US$5.473 billion, the highest result for the month since 2018.
In the year-to-date through October, the cumulative surplus amounts to US 47.662 billion, compared to US$38.524 billion in the same period in 2019.
At the start of last month, the Foreign Trade Secretariat (SECEX) of the Ministry of Economy updated its projection for this year's positive trade balance to US$55 billion . . .
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