Brazil posted a foreign trade surplus in March of $7.145 billion, up sharply from $4.56 billion the previous month and a record for the month of March, the Industry, Foreign Trade, and Services Ministry said Monday. Brazil, thus, posted a stunning first quarter surplus of $14.4 billion, up from $8.4 billion for the first quarter of 2016. Perhaps just as important, March saw increases in both exports and imports against last year’s levels. Higher imports indicate a budding economic recovery, with manufacturers buying more overseas components and capital goods. March exports were aided by higher international commodities prices and a seasonal rise in shipments of farm goods. Industrial exports were led by motor vehicles. Exports of mineral ores and fuels were also up sharply.
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