In the first eight months of the year, Brazil achieved a trade surplus of $54.079 billion, with exports totaling $227.00 billion and imports $172.92 billion.
The move comes after the confirmation of an outbreak of Newcastle disease in a commercial poultry production establishment in Rio Grande do Sul state.
The initial order consists of 90 planes, each with 76 seats. If all purchase options are exercised, the deal could exceed $7 billion.
Driven by the slump in the price of soybeans and corn and the surge in imports of electric vehicles, the surplus in the country’s balance of trade was down 33.4% in June from the same month last year.
On a monthly basis, exports fell while imports remained relatively stable. Brazil sold $30.338 billion abroad, marking a 7.1% decline compared to the same month in 2023.
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