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Economists polled by Reuters had projected a $9.994 billion
surplus for the month.
The reading was the second best for the month of June, after
last year, since the figures were recorded in 1989.
According to the Economy Ministry, exports grew 15.6% from June
last year, to $32.7 billion, while imports jumped 33.7% to $23.9
billion.
Global inflationary pressures have been boosting the value of
tradable goods, amid rising food and energy prices and disrupted
supply chains with the Russia-Ukraine war.
But Brazilian imports have increased faster, which has prompted
the ministry to revise its projections for the year.
The first half of 2022 ended with a $34.2 billion surplus, down
from $37.0 billion in the year-ago period. The government now
expects to end 2022 with a $81.5 billion surplus.
The number represents a major cut from the $111.6 billion 2022
surplus estimate made in April.
The outlook for exports was revised slightly up to $349.4
billion in 2022, from $348.8 billion. Imports are now expected
to reach $268.0 billion this year, up from the previous $237.2
billion estimate.
(Reporting by Isabel Versiani and Bernardo Caram; Writing by
Peter Frontini; Editing by Jonathan Oatis and Richard Chang)
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