BRAZIL: Trade Surplus Falls 12% In March To US$ 6,2 Billion

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The Brazilian trade surplus dropped 12% in March from a year before to US$ 6,281 billion as imports rose and exports remained virtually unchanged, according to official data.

In spite of decline, March's trade surplus was the second best for the month since 1989, when records began.

Brazilian export revenue rose 0.07% last month from a year before to US$ 20,089 billion. Imports were 6.7% higher at US$ 13,809 billion, boosted by crude oil and capital goods.

Imports from the Middle East were 93.4% higher in March from a year before, while purchases from Asian products were up 28.7%. China alone saw a 34.8% increase in sales to Brazil last month.