Brazil posts lower-than-expected trade surplus in June
Latin America's largest economy's monthly surplus declined near 7% from a year earlier to $5.89 billion, according to the Ministry of Development, Industry and Trade, missing the $6.45 billion forecast in a Reuters poll of economists.
Exports rose 1.4% year-over-year to $29.1 billion, as higher prices of coffee and stronger beef exports helped to offset declines in soy, oil and iron ore.
Meanwhile, imports increased by a pace of 3.8% to $23.3 billion, amid increased purchases of multiple products, including fertilizers, auto parts, medicine, aircrafts and machines.
The ministry also cut its 2025 trade surplus estimate by nearly a third to $50.4 billion, from $70.2 billion previously, increasing the projection for imports and cutting the exports outlook.
Year-to-date, Brazil's trade surplus has plunged almost 28% from the same period in 2024 to $30.1 billion.
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