Decrease in Imports Helps Brazil’s Trade Balance Set Record

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The trade balance in Brazil closed the first semester of 2016 with a surplus of US$23.635 billion, according to the Ministry of Development, Industry and Foreign Trade (MDIC). This is the best result for a first semester in the history of the index.

For the year, foreign sales totaled US$90.237 billion, down by 5.9 percent in the relation to the daily average in the first half of 2015. Foreign purchases however showed an even greater average daily decline, of 28.9 percent in comparison to . . .

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