Brazil posted another big trade surplus in April as both exports and imports advanced in a sign of gathering strength for the nation’s economy. Brazil rolled up an April trade surplus of $6.969 billion, down slightly from $7.145 billion in March, the Ministry of Industry, Foreign Trade and Services said Tuesday. The year-to-date surplus burgeoned to $21.4 billion, far outstripping the $13.3 billion figure for the same period in 2016. The best news of all, however, was the swift growth of both imports and exports. April exports advanced 28 percent over April 2016 while imports were up 13 percent. Exports grew as global commodities prices improved and Brazilian manufacturers placed more of their products, especially motor vehicles and parts, on international markets. Imports were up on rising demand among manufacturers for raw materials and capital goods as well as increasing demand for consumer products. According to economists, Brazil is on track for a record-breaking surplus this year. The standing record is $47.7 billion, set in 2016.
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