Macroeconomy/Finance

Trade balance has a surplus of $8.060 bn

With a 35% drop in imports due to the coronavirus pandemic, Brazil’s trade balance registered a $8.060 billion surplus in July. This is the largest monthly balance ever recorded in the Ministry of Economy’s historical series, which began in 1989. The July result was more than double that of the same month last year, when it was positive at $2.391 billion.

Source: UOL Economia

Categories: Macroeconomy/Finance