UPDATE 1-Brazil posts third straight trade deficit in November
(Recast, adds data details and context)
BRASILIA Dec 1 (Reuters) - Brazil posted its third straight monthly trade deficit in November, raising the possibility the commodities powerhouse could record its first annual trade gap in more than a decade.
The country recorded a trade deficit of $2.35 billion in November, government data showed on Monday, less than the $2.7 billion gap expected by analysts surveyed by Reuters.
The country posted a deficit of $1.177 billion in October.
The price of Brazilian exports such as iron ore and oil have tumbled due to a slowdown in the economy of the world's biggest commodity consumer, China, and a shale oil boom in the United States.
So far this year Brazil has accumulated a trade deficit of $4.221 billion. The South American country last posted an annual trade deficit in 2000. (Reporting by Alonso Soto; Editing by Alden Bentley and Chris Reese)
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