Brazil posts record trade surplus in May on surging exports
Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday.
The figure also came above the $9 billion surplus expected in a Reuters poll with economists, backed by a surge in the volume of exports that more than offset price drops.
According to the Ministry of Development, Industry, Trade and Services, Brazilian exports totaled $33.1 billion in May, up 11.6% from the same month in 2022, to the highest value ever recorded in the entire series.
Via Reuters