Brazil's central bank reported Tuesday that the trade gap in the country widened to $3.5 billion in July compared to $3.2 billion in June due to higher rate of imports, but higher prices in niche Brazilian export products such as iron ore helped to offset more imports arriving into the country.
Nevertheless, foreign direct investment continues to more than cover the deficit, totaling $5.97 billion in July compared to $5.5 billion in June.