Brazil: Merchandise trade surplus shrinks in May
Latest reading: In May, the trade balance was USD +7.8 billion, following a USD +10.6 billion figure in the previous month. May’s reading came in above market expectations. Over the last 12 months, the trade balance summed to USD +76.4 billion.
Merchandise exports were up 6.6% in annual terms in May, coming on the back of 14.5% growth in the previous month. Goods imports were up 5.3% in year-on-year terms in May, coming on the back of 6.3% growth in the previous month.