Brazil rolled up a February foreign trade surplus of $4.56 billion, the biggest surplus for that month since current methodology was introduced in 1989, the Ministry of Industry, Foreign Trade and Services said Thursday. February saw a surge in export revenues, led by agricultural and mineral commodities. January also produced a monthly record of $2.7 billion. Brazil’s year-to-date surplus now stands at $7.285 billion, or nearly double the $3.958 billion surplus for the first two months of 2016. If the current trend continues, Brazil will post a record surplus in 2017. The previous record was set last year at $47.7 billion.
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