Projected record trade surplus of US$86.472 billion for 2023 in Brazil

The Brazilian Foreign Trade Association (AEB) anticipates a significant trade surplus of US$ 86.472 billion for 2023.

This projection arises from an expected drop in imports and exports, with exports predicted to hit US$ 323.937 billion, a 3% decrease from 2022, and imports estimated at US$ 237.465 billion, a 12.9% fall from the previous year.

This record surplus denotes a 40.5% increase from the US$ 61.526 billion in 2022.

Yet, the AEB suggests this surplus might not contribute positively to economic activity or job creation.

The total trade flow for 2023 is projected at. . .