Key Points — Brazil’s first-quarter trade surplus reached a record US$14.2 billion — up 47.6% year-on-year — driven by total Q1 exports of US$82.3 billion, also a historical record. Crude oil exports alone jumped 31% to US$12.56 billion as Asian buyers rerouted purchases away from Middle East suppliers during the Iran war disruption. — The... The post Brazil’s Q1 Trade Surplus Hits US$14.2 Billio
Brazil’s Q1 Trade Surplus Hits US$14.2 Billion Record as Iran War Pivots Oil Flows
Richard Mann·Rio Times Online··1 min read
R
Continue reading on Rio Times Online
This article was sourced from Rio Times Online's RSS feed. Visit the original for the complete story.