Imports to Brazil went up 12.9 percent from a year earlier to USD 14.97 billion in May 2019, mainly due to higher purchases of intermediate (11.5 percent); capital goods (21.9 percent) and fuels & lubricants (33.6 percent). On the other hand, purchases of consumption goods dropped 2.1 percent. Among major trading partners, imports increased from China (16.1 percent), the US (31 percent), ASEAN countries (5.5 percent), and Argentina (12.6 percent), while they declined from the EU (-3 percent). Imports in Brazil averaged 4590.93 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 18000.00 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 19000.00 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.