June 1, 2017 / 6:11 PM / 4 months ago

Brazil trade surplus hits all-time high of $7.7 billion in May

Containers are seen during a workers' strike at Latin America's biggest container port in Santos, Sao Paulo state, Brazil, September 14, 2016. REUTERS/Fernando Donasci

BRASILIA (Reuters) - Brazil’s trade surplus rose to a record $7.661 billion last month, government data showed on Thursday, underpinning the country’s economic recovery amid a record soy crop and rising automobile sales.

Exports totaled $19.792 billion and imports $12.131 billion. Economists in a Reuters poll predicted a surplus of $7.53 billion, according to their median forecast, following a surplus of $6.97 billion in April.

Reporting by Marcela Ayres; Writing by Silvio Cascione; Editing by Chizu Nomiyama

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