Brazil's July Trade Surplus Narrows 6.3% as Imports Outpace Exports

Brazil posted a trade surplus of $7.1 billion in July, down 6.3% from a year earlier, as imports grew at a faster pace than exports, official data showed on Wednesday.

Exports rose 4.8% to $32.3 billion, while imports jumped 8.4% to $25.2 billion, driven by strong demand across a broad range of goods.

Year-to-date, the trade surplus shrank by a quarter to $37 billion when compared to the same period last year, as resilient domestic activity continued to support import growth...

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