Nov 1, 2010
| Last Updated
RGE expects Brazil’s trade surplus to widen to US$1.7 billion in October from US$1.1 billion in September and US$1.32 billion in October 2009. On a 12-month rolling basis, the trade surplus likely increased slightly to US$17.3 billion from US$16.9 billion in September, while the total surplus for the ten months of the year likely shrank 36% y/y to US$14.5 billion.
Figure 1: Brazil’s Export (y/y %)

Source: MDIC and RGE
Exports likely increased by 34% y/y (33% y/y three-month moving average, 3MMA) to US$18.85 billion, mostly as a result of higher prices of commodities that benefit[...]
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