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Trade Deficit Narrower Than Expectations

BRAZIL

Brazil Trade Deficit Widened to $1.1B in Jan. From Deficit of $42M in Dec. but was narrower than the $2.1B deficit expected.


Brazilian exports fell to $14.8 billion last month, from $18.37 billion in December, while imports declined to $15.9 billion from $18.41 billion.


The value of agricultural imports jumped 22.3% from a year earlier, and imports of industrial products rose 6.5%. Exports to Argentina increased 41.1% compared with a year earlier, and imports from Argentina grew 30.2%, the ministry said. (Dow Jones)

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