Brazil Posts $3.1 Billion Trade Surplus in Feb, No Coronavirus Impact Yet
BRASILIA — Brazil posted a trade surplus of $3.1 billion in February, official data showed on Monday, far stronger than forecast and confounding any expectations that the coronavirus outbreak might have dampened exports.
February’s figure was double the median consensus forecast in a Reuters poll of economists of a $1.5 billion surplus, a result of exports totaling $16.4 billion and imports reaching $13.3 billion.
By Marcela Ayres and James McGeever via The New York Times