Brazil posts $1.2 billion trade surplus in February

BRASILIA (Reuters) – Brazil posted a trade surplus of $1.2 billion in February, figures showed on Monday, more than the consensus forecast in a Reuters poll for a $900 million surplus, but around half of the $2.3 billion surplus in the same month last year.

Exports in February totaled $16.2 billion and imports were $15.0 billion, the ministry said, adding that total trade flows of $31.2 billion in the month were up more than 8% from a year earlier.

(Reporting by Jamie McGeever)