Brazil’s trade surplus narrowed to USD 4.5 billion in May of 2020 from USD 5.6 billion in the same month last year and below market expectations of USD 4.7 billion. When adjusted for the working day average, exports declined 4.2 percent from a year earlier to USD 17.9 billion, while imports fell 1.6 percent to USD 13.4 billion. Among major trading partners, exports dropped to the EU (-8.5 percent) and the US (-43.5 percent) while shipments to Asia jumped 27.7 percent. Imports plunged to Asia (-11.1 percent), the EU (-16.4 percent) and the US (-39 percent).
Balance of Trade in Brazil averaged 934.96 USD Million from 1959 until 2020, 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. Brazil Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil is expected to be 5600.00 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 2500.00 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.