Brazil September trade surplus hits record but misses expectations
BRASILIA - Brazil's trade surplus reached a historic high for September, but fell slightly short of market estimates, according to government data released on Monday.
The figure marked the highest level for the month since the data series began in 1989, said the Ministry of Development, Industry, Trade, and Services, which also revised upward its estimated surplus for the year to $93 billion from the previous $84.7 billion projection. Meanwhile, imports continued a trend observed throughout the year, dropping to $19.5 billion, down 17.6% from September 2022. This decline was influenced by lower prices as well as a reduction in the quantity of goods purchased from abroad.
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