Brazil's balance of trade sees highest-ever monthly surplus

Propelled by the soybean harvest and by oil and iron ore exports, Brazil's trade balance in May recorded the largest surplus for any month since the beginning of this time series, in 1989. According to the Ministry of Development, Industry, Trade, and Services, the country exported $11.378 billion more than it imported in May-more than twice as much as the positive balance in May last year ($4.958 bi).