Brazil Records $2.8 Billion Trade Surplus in January
BRASILIA--Brazil's monthly trade balance narrowed in January, the Trade Ministry said, but remained strong thanks to a buoyant global economy.
Exports surpassed imports by $2.8 billion last month, compared with a nearly $5 billion surplus in December, the ministry said.
That kept the 12-month figure at the record-setting level of $67 billion first reached in December.
Economists surveyed weekly by Brazil's central bank last week forecast a $54.5 billion trade surplus for 2018.
In January, Brazil's exports totaled nearly $17 billion, and imports, $14.2 billion.
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(END) Dow Jones Newswires
February 01, 2018 12:26 ET (17:26 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.