Brazil's trade surplus widened sharply to USD 6.64 billion in December 2018 from USD 5.00 billion in the same period of the previous year. It was the largest trade surplus since June 2017 as exports jumped 11.1 percent to USD 19.56 billion and imports increased at a much slower 2.5 percent to USD 12.92 billion. Balance of Trade in Brazil averaged 869.87 USD Million from 1959 until 2018, reaching an all time high of 7661.35 USD Million in May of 2017 and a record low of -4066.52 USD Million in January of 2014.

Balance of Trade in Brazil is expected to be 5100.00 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 3000.00 USD Million in 2020, according to our econometric models.

Brazil Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-01 06:00 PM Balance of Trade $4.97B $3.78B $5.9B $ 3.5B
2018-11-01 06:00 PM Balance of Trade $6.12B $4.97B $6.849B $ 5.3B
2018-12-03 05:10 PM Balance of Trade $4.06B $5.91B $4.3B $ 3.5B
2019-01-02 04:15 PM Balance of Trade $6.64B $4.06B $ 5.1B
2019-02-01 05:00 PM Balance of Trade $6.64B
2019-03-01 06:00 PM Balance of Trade
2019-04-01 06:00 PM Balance of Trade



Brazil Posts Largest Trade Surplus in 18 Months

Brazil's trade surplus widened sharply to USD 6.64 billion in December 2018 from USD 5.00 billion in the same period of the previous year. It was the largest trade surplus since June 2017.

Exports surged 11.1 percent from a year earlier to USD 19.56 billion in December, primarily due to sales of primary goods (34.6 percent) such as iron ore (19.8 percent), crude oil (46.4 percent), soybeans (79.3 percent), corn (13.9 percent), soybean meal (157.9 percent), coffee beans (31.7 percent), chicken meat (12 percent) and beef (3.5 percent). In addition, exports of semi-manufactured products rose 1.3 percent boosted by higher sales of cellulose (38 percent), while exports of raw sugar fell 27.8 percent. By contrast, exports of manufactured products declined 2.4 percent mainly due to a drop in vehicle sales (-62.4 percent).

Among major trading partners, exports rose to China (46.5 percent), ASEAN countries (43.3 percent), the EU (18.2 percent) and the US (6.2 percent), but fell to Argentina (-55.2 percent).

Imports advanced at a much softer 2.5 percent to USD 12.92 billion, mainly driven by purchases of fuels and lubricants (32.9 percent), capital goods (5.6 percent) and intermediate goods (0.8 percent). Conversely, imports of consumer goods slumped 18.3 percent.

Among major trading partners, imports increased from the US (27 percent) and Argentina (29.3 percent), but fell from China (-3.6 percent), ASEAN countries (-17.1 percent) and the EU (-16 percent).

For 2018 as a whole, the trade surplus narrowed to USD 58.30 billion from USD 66.99 billion in 2017 as exports rose 10 percent to USD 239.52 billion and imports went up 20.2 percent to USD 181.23 billion.


MDIC | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/2/2019 5:03:12 PM



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 6639.00 4062.09 7661.35 -4066.52 USD Million [+]
Current Account -795.30 329.10 3250.00 -13345.00 USD Million [+]
Current Account to GDP -0.48 -1.30 1.80 -8.20 percent [+]
Imports 12917.00 16860.36 23061.08 67.00 USD Million [+]
Exports 19556.00 20922.45 26158.51 75.06 USD Million [+]
External Debt 657912.13 652274.64 714260.45 64259.50 USD Million [+]
Terms of Trade 106.53 110.67 132.67 64.72 Index Points [+]
Capital Flows -9.80 453.30 3511.30 -13679.20 USD Million [+]
Foreign Direct Investment 10273.94 10382.40 16274.70 -181.50 USD Million [+]
Remittances 207.00 244.00 386.00 70.80 USD Million [+]
Gold Reserves 67.30 67.30 119.01 31.99 Tonnes [+]
Crude Oil Production 2522.00 2575.00 2730.00 330.00 BBL/D/1K [+]
Terrorism Index 1.57 1.74 2.69 0.00 [+]
Weapons Sales 45.00 111.00 269.00 1.00 USD Million [+]
Tourist Arrivals 6589.00 6547.00 6589.00 1991.00 Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Brazil Balance of Trade

From 2001 to 2012 and 2015 to 2017 Brazil has reported trade surpluses, primarily due to high export of mining and agricultural products. In 2017, the biggest trade surpluses were reported with China, Argentina, Netherlands, Iran, UAE, Egypt, Hong Kong, Singapore and United States and the biggest trade deficits with Germany, South Korea, France, Switzerland, Algeria and Australia. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6639.00 4062.09 7661.35 -4066.52 1959 - 2018 USD Million Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3784.00 Oct/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 3799.41 Nov/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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