6/3/2014 3:44:06 PM

Brazilian trade surplus increased 40.7 percent to USD 712 million in May of 2014 from USD 506 million in the previous month. It is the country’s third consecutive monthly surplus, boosted by higher exports.

Exports rose 5.2 percent month-over-month to USD 20.75 billion while imports increased at a slower 5.2 percent to USD 20 billion.
Year-on-year, exports fell 4.9 percent in May and imports shrank 4.8 percent.

Considering the first five months of 2014, the country’s trade deficit narrowed to USD 4.9 billion from USD 5.4 billion in the same period last year, as exports rose slightly by 3.6 percent and imports increased 3.9 percent. Sales of soybean expanded 22 percent year-on-year to USD 12.6 billion.