Brazil’s trade surplus shrank to USD 5.600 billion in December 2019 from USD 6.428 billion in the same month of the previous year but above market expectations of a USD 4.352 billion surplus. Exports slumped 6.2% from a year earlier to USD 18.16 billion, dragged down by lower shipments of manufactured goods (-13.6%), mostly fuels (-14.6 percent); aluminum oxides/hydroxides (-20.6%); motor engines & parts (-6.9%) and auto parts (-22.7%). Also, sales decreased for semi-manufactured products (-21.2%), namely cellulose (-43.1%); raw sugar (-10.2%) and iron & steel (-27.1%). Those of primary goods, in turn, rose 3.3%, driven by crude oil (48.2%); beef (55.5%); corn (20.2%) and chicken meat (11.7%). In contrast, declines were seen in exports of iron ore (-18.8%) and soybeans (-20%). Imports went down 2.8% to USD 12.56 billion, as purchases fell for capital goods (-11.8%); consumption goods (-3.3%) and fuels & lubricants (-6.2%). Conversely, acquisitions of intermediate goods grew (1.6%).
Balance of Trade in Brazil averaged 916.62 USD Million from 1959 until 2019, reaching an all time high of 7660.98 USD Million in May of 2017 and a record low of -4068.90 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. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil is expected to be 4500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Brazil to stand at 3000.00 in 12 months time. In the long-term, the Brazil Balance of Trade is projected to trend around 3800.00 USD Million in 2020, according to our econometric models.