Brazil's trade balance showed a recovery in May, reaching a surplus of 4.07 billion U.S. dollars, up from 3.85 billion in May of last year and the best since April 2007, the Ministry of Development, Industry and Foreign Trade reported Monday.
According to the ministry, Brazil's exports totaled 19.27 billion dollars last month, and imports amounted to 15.2 billion.
However, the surplus accumulated in the January-May period this year was 8.65 billion dollars, down from 16.76 billion in the same period last year.
In 2008, a surplus of 943 million dollars was registered in January and of 880 million in February, while in March it increased to 1.01 billion and to in 1.74 billion in April.
During the January-May period, imports presented a rise of 49.2 percent in relation to the same period in 2007, while exports increased 22.2 percent.
The improvement of the surplus registered last month was due, in part, to the end of the local customs auditors' strike, which started March 18 and continued to May 12, delaying the entrance and departure of products from Brazil.
The Central Bank foresees a total trade surplus of 24 billion dollars in 2008, down from 40 billion last year.
Source: Xinhua
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