Imports to Brazil declined 4.8 percent from a year ago to USD 17.76 billion in July 2019, mainly due to lower purchases of capital goods (-50.9 percent) and fuels & lubricants (-3.1 percent). In contrast, purchases of intermediate (4.6 percent) and consumption goods (5.6 percent) grew. Among major trading partners, imports shrank from China (-34.5 percent) and Argentina (-4.6 percent), while they increased from the EU (6.6 percent) and the US (25.2 percent). Imports in Brazil averaged 4634.92 USD Million from 1959 until 2019, reaching an all time high of 23049.60 USD Million in October of 2013 and a record low of 67 USD Million in March of 1965.
Imports in Brazil is expected to be 18100.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Brazil to stand at 18500.00 in 12 months time. In the long-term, the Brazil Imports is projected to trend around 22000.00 USD Million in 2020, according to our econometric models.