Brazil's trade surplus widened to USD 6.2 billion in September of 2020 from USD 3.8 billion in the corresponding month of the previous year but below market expectations of USD 7.1 billion. When adjusted for the working day average, exports declined 9.1 percent from a year earlier to USD 18.5 billion, while imports fell 25.5 percent to USD 12.3 billion. Among major trading partners, exports dropped to the EU (-43.6 percent) and the US (-23.9 percent) while shipments to Asia jumped 9.1 percent. Imports dropped to Asia (-0.5 percent), the EU (-18.7 percent) and the US (-26.6 percent).
Balance of Trade in Brazil averaged 966.53 USD Million from 1959 until 2020, reaching an all time high of 8060 USD Million in July of 2020 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. Brazil Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil is expected to be 3000.00 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 6200.00 in 12 months time. In the long-term, the Brazil Balance of Trade is projected to trend around 3000.00 USD Million in 2021 and 3800.00 USD Million in 2022, according to our econometric models.