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Brazil posts record trade surplus in 2016 on recession, currency
January 2, 2017 / 5:14 PM / a year ago

Brazil posts record trade surplus in 2016 on recession, currency

BRASILIA, Jan 2 (Reuters) - Brazil posted its largest trade surplus on record in 2016 as a crippling recession slashed imports and a weaker local currency boosted exports, trade ministry data showed on Monday.

The commodities powerhouse recorded a trade surplus of $47.69 billion in 2016, above the previous record of $46.45 billion in 2006. In December, the country had a surplus of $4.415 billion. (Reporting by Leonardo Goy; Writing by Alonso Soto; Editing by W Simon)

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