Brazil’s trade surplus decreases in May
The exports value dropped by 12.9% y/y to USD 17.9bn
The decline in the global commodities prices and the subdued global demand had a negative impact on Brazil’s trade surplus, which narrowed to USD 4.55bn in May compared to USD 6.2bn.
The exports value dropped by 12.9% y/y to USD 17.9bn, although the volume grew by 2.3% y/y to 60.4mn tonnes in May 2020. On the other hand, the imports value decreased by 10.5% y/y to USD 13.4bn in May, due to the reduced domestic demand caused by the social distancing measures.
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