Brazil's Trade Surplus Grows to $34 Billion

An increase of 10% from last year

Brazil's trade volumes hit new records last month, helping to push this year's trade surplus to $34.38 billion, nearly 10% higher than for the same 10-month period last year, official figures showed Nov. 1.

October exports earned $15.77 billion -- the biggest amount for the year so far and 20% more than for the same month in 2006.

Imports for October also soared, but trailed exports by $3.44 billion.

For the year to date, exports have totaled 132.37 billion dollars, 16.5% higher than for the first 10 months of 2006, and imports stand at $97.99 billion, 29.8% higher.

Brazil last year recorded a trade surplus of $46 billion.

Copyright Agence France-Presse, 2007

TAGS: Trade
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