* Trade deficit narrows to $1.2 bln after record in January
* Imports surge 8.8 pct from previous year, exports fall
BRASILIA, March 1 Brazil posted a
larger-than-expected trade deficit in February as imports surged
to a record high for the month, government data showed on
Brazil posted a trade deficit of $1.276 billion
in February, the trade ministry said on Friday. It had posted a
deficit of $4 billion in January, the largest on record.
The February result was wider than expectations of a $500
million deficit, according to the median forecast of 13 analysts
surveyed by Reuters.
Exports in February fell 8.9 percent versus the same month
in 2012 while imports rose 8.8 to $16.827 billion. The average
of $934.8 million worth of imports per day was the largest for
the month on record, the ministry said.
Brazil's trade deficit in the first two months of the year
amounted to $5.312 billion. Analysts expect a surplus of $15.2
billion for the full year of 2013, according to the median
forecast in a weekly central bank poll.