Brazil October trade surplus US$3.48B; exports up 29.6% y/y

Brazil's trade surplus reached US$3.48 billion in the first two weeks of October, with exports up 29.6% year-on-year on a daily average basis. The strong export performance, driven by commodity shipments, continues the year's positive trend, with a cumulative surplus of US$65.88 billion. This suggests robust external demand and supports Brazil's current account, though sustainability depends on commodity prices and global demand.