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Brazil's 2011 trade surplus soars to nearly $30B, 25.7% more than 2010 and the highest level...
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Tuesday, January 3, 2012, 3:52 PM ETBrazil's 2011 trade surplus soars to nearly $30B, 25.7% more than 2010 and the highest level since 2007. China - with a voracious appetite for the raw materials Brazil is chock full of - was the main destination for the country's goods, followed by the U.S. The government expects a smaller surplus in 2012 as China slows and "currency wars" hurt the real's competitiveness.
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