Brazil: Merchandise trade surplus shrinks in November
Latest reading: In November, the trade balance was USD +5.8 billion, following a USD +6.6 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +62.5 billion.
Exports increased 2.4% in year-on-year terms in November, coming on the back of 7.8% growth in the previous month. Imports were up 7.4% in annual terms in November, coming on the back of a 0.8% fall in the previous month.