Brazil's trade surplus will fall more than 30 percent in 2009 to 17 billion U.S. dollars, the Brazilian Foreign Trade Association (AEB) projected Tuesday.
The AEB forecast expects exports of 163 billion U.S. dollars in2009, down 17.6 percent from 2008, and imports of 146 billion dollars in 2009, down 15.7 percent from 2008.
Brazil's trade surplus registered a six-year low of 24.7 billion dollars in 2008, down 38.2 percent from 2007.
The AEB said its projections reflect "the volatility and economic instability" in the domestic and foreign markets and mirror "the negative impacts" of the financial crisis with different consequences in the global economy.
The AEB projected that the international financial crisis will only start to dissipate in 2010.
Source:Xinhua
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