Brazil's 2011 trade surplus soars to nearly $30B, 25.7% more than 2010 and the highest level...

|By:, SA News Editor

Brazil'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.