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Brazil posts trade surplus of $923 mln in January

BRASILIA, Feb 1 (Reuters) - Brazil posted a trade balance of of $923 million in January, government data showed on Monday, nearly double market estimates as a weaker local currency drags down imports.

Imports totaled $10.323 billion and exports $11.246 billion, the trade ministry reported. The market expected a trade surplus of $500 million in January, according to a Reuters survey of 16 analysts.

(Reporting by Marcela Ayres; Writing by Alonso Soto)