Brazil - Economy in very good shape
2011-05-19 16:13:44
Brazil's trade surplus in April widened for the third consecutive month, the trade ministry said on Monday, as exports grew at a faster pace than imports despite the strong local currency.
Brazil posted a trade surplus BRTBAL=ECI of $1.86 billion last month, up from $1.55 billion in March and a $1.28 billion surplus in April 2010.
A surge in commodities prices and a recovery in global demand have improved Brazil's trade balance over the past few months, which may lead the government to revise upward its surplus forecast for the year, currently at $12 billion to 13 billion.