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Brazil registers largest monthly trade surplus since 1989
Last Updated: 2018-11-02 14:51 | Xinhua
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Brazil registered a trade surplus of 6.121 billion U.S. dollars in October, a record high number for that month since 1989, according to data released Thursday by the Ministry of Industry, Foreign Trade and Services (MDIC).

The value represents a year-on-year growth of 17.9 percent.

The positive balance has been achieved due to 22.226 billion dollars of exports in October, a 12.4 percent increase from a year ago, and 16.105 billion dollars of imports.

From January to October, Brazil's trade surplus was 47.721 billion dollars, down by 18.4 percent year-on-year.

During the first 10 months, exports reached 199.171 billion dollars, an increase of 8 percent by the daily average, while imports stood at 151.450 billion dollars, up by 20.6 percent year-on-year.

The MDIC forecasts the trade surplus in 2018 will reach nearly 50 billion dollars. The financial market forecasts a trade surplus of 56 billion dollars, while the Central Bank of Brazil predicts it will hit 55.3 billion dollars. Enditem

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