Brazil posted a lower-than-expected trade surplus in September with imports growing by more than exports, as Latin America's largest economy regained its footing. Brazil posted a trade surplus of $1.33 billion in September, down from a surplus of $3.074 billion in August, the trade ministry said on Thursday.
The country was expected to report a trade surplus of $2.2 billion last month, according to the median forecast of 18 economists surveyed by Reuters. Estimates ranged from $1.7 billion to $2.5 billion. Exports rose to $13.86 billion from $13.83 billion. Imports jumped to $12.53 billion from $10.77 billion.