A sharp weakening of the Brazilian Real in November allowed Brazil to double its monthly foreign trade surplus to $4.76 billion from $2.35 billion the previous month, the Trade and Development Ministry said Thursday. Manufactured products were the biggest gainers in November, spurred by a 6 percent weakening of the local currency. Lagging imports, due to an ongoing recession, also helped boost the surplus. Brazil’s year-to-date surplus is now a towering $43.28 billion. For calendar 2016, Brazil is likely to break the 2006 trade surplus record of $46.5 billion.
Link to Trade and Development Ministry releaseMore Testimonials