Trade account shows deficit of $42 mm in December, but 2020 closes with surplus of $51 bn

Brazil’s trade balance is expected to increase by 3.9% in 2021, at $53 bn, compared to last year’s $51 bn, the Ministry of Economy reported in a scenario that foresees GDP growth of between 3.2% and 3.8%. According to the foreign trade secretary, exports are expected to grow by 5.3% to $221.1 bn, as well as imports, up 5.8% to $168 bn, resulting in a 5.5% percentage increase in trade compared to 2020, at $389.2 bn.

Source: 6 Minutos