Brazil recorded a US$ 4.050 billion trade surplus in February, the strongest performance for the month in 5 years, said the Ministry of Economy on Thursday 3. The monthly result was 108.9% above that of February 2021, when the trade surplus recorded 1.8 billion dollars. Exports surged 32% from February last year to US$22.913 billion. Imports increased by 22.9% to US$18.864 billion. The two indicators are the highest for the month in the historical series that started in 1997. Agriculture registered the highest growth by sector in February, rising 114.2% in the daily exports average. Brazil had a trade surplus of US$61.2 billion in 2021, the highest value in the historical series that started in 1989. The government projected in January a new record of US$79.4 billion this year.
Sources: Reuters/Globo Rural Magazine (*Translated by Ia Niani)