Brazil foreign trade deficit up 391% in September over same month in 2020

Brazil recorded a US$1.7 billion deficit in its transactions with foreign countries in September, almost 5 times higher than in the same month last year, when the shortfall reached US$346 million, the Central Bank reported.

RIO DE JANEIRO, BRAZIL - According to Central Bank data, this is the worst result for the month since 2019, when the balance was negative by US$3.7 billion.

In the cumulative numbers for the 12 months through September, the difference between what the country earned and spent in international transactions related to trade, income and transfers,was a deficit of US$20.7 billion, equivalent to 1.30% of gross domestic product (GDP).

In September 2020, the foreign deficit in the year-on-year comparison was equivalent to 2.09% of GDP.

As for the first 9 months of . . .

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