Brazil Trade Surplus Narrowed to $4.5 Billion in May From April

By Jeffrey T. Lewis

SÃO PAULO--Brazil's trade surplus narrowed in May from the previous month as exports declined and imports increased, the economy ministry said Monday.

The country recorded a surplus of $4.5 billion in May, after a surplus of $6.7 billion in April. Brazilian exports fell to $17.9 billion last month, from $18.3 billion in May, while imports increased to $13.4 billion from $11.6 billion in the same period.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com