The February figures show that Brazil broke records in both exports and trade balance. Exports totaled $23.538 billion, a 16.3% increase compared to the same month last year and slightly above the previous record of $23.513 billion in 2022. Imports reached $18.091 billion, up 2.4% from February 2023 ($17.67 billion). As a result, the total trade balance for February amounted to $41.629 billion, with a surplus of $5.45 billion, the highest in the historical series for February months. This surplus was 17.6% higher than the previous record ($4.6 billion) set in February 2022 and 111.8% above the balance in February 2023. Compared to February 2023, there was a 9.8% increase in the total trade balance.
Source: Datamar News