Brazil recorded a trade surplus of 9035.36 USD Million in July of 2023. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior

Balance of Trade in Brazil averaged 1035.33 USD Million from 1959 until 2023, reaching an all time high of 11034.16 USD Million in May of 2023 and a record low of -4496.46 USD Million in January of 2014. This page provides the latest reported value for - Brazil Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Balance of Trade in Brazil is expected to be 7695.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Balance of Trade is projected to trend around 9945.00 USD Million in 2024 and 9587.00 USD Million in 2025, according to our econometric models.

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Brazil Balance of Trade



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-03 06:00 PM Jun $10.6B $11.378B $9.9B $ 10.7B
2023-08-01 06:00 PM Jul $9.035B $10.592B $8.223B $9.1B
2023-09-01 06:00 PM Aug $9.035B $9.75B $11.0B


Related Last Previous Unit Reference
Balance of Trade 9035.36 10457.78 USD Million Jul 2023
Imports 20027.06 19501.63 USD Million Jul 2023
Exports 29062.42 29959.41 USD Million Jul 2023

Brazil Balance of Trade
In the last few years, Brazil has been reporting trade surpluses, primarily due to high exports in the manufacturing industry (54 percent of total exports), mining (23 percent) and agricultural products (22 percent). Brazil's main imports are in the manufacturing industry (89 percent of total imports) with fuels and fertilizers comprising 18 percent of total imports. The biggest trade partners are: China (27 percent of total exports and 22 percent of total imports), the United States (11 percent of exports and 19 percent of imports), Argentina (5 percent of exports and 5 percent of imports). Others include: the Netherlands, Canada, Japan, Germany and Spain.
Actual Previous Highest Lowest Dates Unit Frequency
9035.36 10457.78 11034.16 -4496.46 1959 - 2023 USD Million Monthly

News Stream
Brazil Trade Surplus Widens More than Expected
Brazil recorded a trade surplus of $9 billion in July of 2023, widening by 68% from the $5.3 billion in the corresponding month of the prior year and remaining close to the record-high surplus of $11.3 billion in May. Exports dropped by 2.6% from July of 2022 to $29.6 billion, led by drop in sales of extractive industries ( -2.6% to $6.45 billion) and transformation industries (-4.9% to $15.6 billion). On the other hand, agropecuary sales rose 1.8% to $6.8 billion supported by increase in harvest. In the same time, imports plunged by 18.2% to $20 billion as purchases from transformation industries (-18.9% to $18 billion), extractive industries (-4.1% to $1.4 billion), agropecuary goods (-24.9% to $0.3 billion) dropped sharply.
2023-08-01
Brazil Trade Surplus Widens on Agricultural Sales
Brazil posted a trade surplus of $10.6 billion in June of 2023, widening considerably from the $8.8 billion in the corresponding period of the previous year and remaining close to the record-high surplus of $11.3 billion from May. Exports dropped by 8.1% from June of 2022 to $30.1 billion, as lower energy prices pressured sales from extractive industries to sink by 19% to $6 billion. Also, transformation industries contracted by 10% to $15.7 billion. On the other hand, a strong harvest supported a 5.3% jump in agropecuary sales to $8.1 billion. In the meantime, imports sank by a faster 18.2% to $19.5 billion. Purchases fell from transformation industries (-14.1% to $17.8 billion), extractive industries (-48% to $1.2 billion), agropecuary goods (-45% to $0.3 billion).
2023-07-03
Brazil Trade Surplus at All-Time High in May
Brazil's trade surplus increased to $11.4 billion in May of 2023, up from a $4.9 billion surplus in the same month of the prior year, and well above market expectations of a $ 9 billion trade surplus. It was the highest trade surplus recorded as exports jumped 11.6% from a year earlier to $ 33.07 billion, led by an increase in sales of agricultural industries (+15.7% to $9.23 billion), extractive industry (+12.8%% to $7 billion) and transformation industries (+8.5% to $16.64 billion). Exports increased to Argentina (+32%), the United States (+5.8%) and China, Hong Kong and Macau (+26.4%) while shipments to European Union (-22.1%) fell. Meanwhile, imports declined 12.1% to $21.69 billion, mainly due to lower purchases of agricultural industries (-36.4% to $0.33 billion), extractive industry (-19.1%% to $1.5 billion) and transformation industries (-11% to $19.7 billion). Purchases fell from Argentina (-4.8%), the United States (-21.4%), China, Hong Kong and Macau (+1%).
2023-06-01