Brazil’s Q1 Trade Surplus Hits US$14.2 Billion Record as Iran War Pivots Oil Flows
Key Points — Brazil’s first-quarter trade surplus reached a record US$14.2 billion — up 47.6% year-on-year — driven by total Q1 exports of US$82.3 billion, also a historical record. Crude oil exports alone jumped 31% to US$12.56 billion as Asian buyers rerouted purchases away from Middle East suppliers during the Iran war disruption. — The […] The post Brazil’s Q1 Trade Surplus Hits US$14.2 Billion Record as Iran War Pivots Oil Flows appeared first on The Rio Times.
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Key Points — Brazil’s first-quarter trade surplus reached a record US$14.2 billion — up 47.6% year-on-year — driven by total Q1 exports of US$82.3 billion, also a historical record. Crude oil exports alone jumped 31% to US$12.56 billion as Asian buyers rerouted purchases away from Middle East suppliers during the Iran war disruption. — The […]
The post Brazil’s Q1 Trade Surplus Hits US$14.2 Billion Record as Iran War Pivots Oil Flows appeared first on The Rio Times.
