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Brazil has lowest trade surplus in eight years
Last Updated(Beijing Time):2010-01-05 11:21

Brazil registered a trade surplus of 24.62 billion U.S. dollars in 2009, the lowest since the beginning of the Lula administration in 2002, official figures showed on Monday.

The 2009 figure, down 0.2 percent from 2008, was the third consecutive fall.

Exports totaled 152.25 billion dollars and imports totaled 127.63 billion dollars, said the Development, Trade and Industry Ministry.

The drop in trade surplus was mainly attributed to the growth of the Brazilian economy in the second half of the year, which led to the rise of machinery imports and to more consumption of imported goods, the figures showed.

It is estimated that Brazil's trade surplus will further drop to 11.3 billion dollars in 2010.

Source:Xinhuanet 
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