Brazil posted a hefty $5.88 billion foreign trade surplus in June, despite a long truckers’ strike, the Ministry of Industry, Trade and Services said Tuesday. The surplus was down only slightly from $5.98 billion in May. For the first half of 2017, Brazil posted a trade surplus of $30.06 billion, down 17% from the first half of 2017. But the smaller surplus did not imply any decline in overall trade. On the contrary, both imports and exports rose in 2018, but imports rose faster than exports as Brazil’s economy continues its recovery from recession. First half 2018 exports were up 5.7% while imports increased by 17.2%.
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