Exports from Brazil dipped 11 percent from a year earlier to USD 20.05 billion in July 2019, dragged down by weaker sales of primary goods (-13 percent), mostly soybeans (-31.6 percent); crude oil (-59.4 percent); chicken meat (-8.6 percent); soybean meal (-25.7 percent) and beef (-6.2 percent). Also, shipments fell for manufactured products (-8.3 percent), namely passenger vehicles (-4.4 percent); parts (-12.3 percent); engine parts and aviation turbines (-43.3 percent); cargo vehicles (-30.7 percent) and non-frozen orange juice (-6.8 percent). Sales of semi-manufactured products dropped 0.2 percent, of which pulp (-8.9 percent). Among major trading partners, exports went down to China (-12.8 percent), ASEAN countries (-48.8 percent), the EU (-16.2 percent) and Argentina (-27.9 percent), but rose significantly to the US (10.7 percent). Exports in Brazil averaged 5119.90 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 23000.00 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 23800.00 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.