Brazil's trade surplus beats expectations at $7.4 billion in August
EWZ•Trade surplus tops forecasts
BRASILIA, Sept. 4 (Reuters) - Brazil posted a trade surplus of $7.4 billion in August, official data showed on Friday, as exports grew faster than imports.
The result topped the $7.1 billion surplus forecast by analysts in a Reuters poll.
Exports rose 12.2% year-on-year to $33.2 billion, while imports increased 9.2% to $25.8 billion.
Commodity shipments support exports
The commodity-exporting powerhouse saw copper ore shipments surge 223.1% from a year earlier, helping drive the strong performance.
The result was also supported by double-digit growth in exports of crude oil, soybeans, coffee and fuels.
From January through August, the trade surplus jumped 28.2% from the same period a year earlier to $55.3 billion.
In July, the government forecast a $90 billion trade surplus for 2026, with higher oil prices expected to support Brazil, a net oil exporter, amid the U.S.-Israel war against Iran.
