Exports from Brazil jumped 10.7 percent year-on-year to USD 21.39 billion in April 2019, mainly driven by higher sales manufactured goods (35.6 percent), namely fuels (197.3 percent); iron ore (168 percent); and engine parts and turbines for aircraft (151.8 percent); aircraft (75.6 percent); and tires (47.3 percent). Also, sales of semi-manufactured good rose 20.9 percent, of which cast iron (92.3 percent); iron & steel (73 percent); soybean oil (68.6 percent); gold (23.5 percent) and raw zinc (23.3 percent). Additionally, exports of basic products went up 0.7 percent, boosted by crude oil (0.2 percent) and iron (15.8 percent). Among major trading partners, exports rose to the US (67.6 percent), the EU (15.3 percent) and ASEAN countries (60.3 percent), but fell to China (-13.4 percent) and Argentina (-17.6 percent). Exports in Brazil averaged 5066.85 USD Million from 1954 until 2019, reaching an all time high of 26148.24 USD Million in August of 2011 and a record low of 75.06 USD Million in January of 1965.
Exports in Brazil is expected to be 23900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Brazil to stand at 23500.00 in 12 months time. In the long-term, the Brazil Exports is projected to trend around 25000.00 USD Million in 2020, according to our econometric models.