Brazilian Trade Surplus May Narrow by Half, Estado Reports

By Joao Lima
March 24 (Bloomberg) -- Brazil's trade surplus this year may be half of the value recorded in 2007 because of the increase in imports, O Estado de S. Paulo reported on its Web site, citing revised estimates from banks and economic institutions.
Estimates for the trade surplus this year have been reduced to about $20 billion from forecasts of about $30 billion some weeks ago, the Brazilian newspaper said. Brazil had a trade surplus of $40 billion last year, Estado reported.