Imports to Brazil went down 2.8 percent year-on-year to USD 12.56 billion in December 2019, as purchases fell for capital goods (-11.8 percent); consumption goods (-3.3 percent) and fuels & lubricants (-6.2 percent). Conversely, acquisitions of intermediate goods grew (1.6 percent). Among major trading partners, imports decreased from the US (-20.2 percent) and Argentina (-6.4 percent), while they rose from China (21.6 percent), ASEAN countries (12.3 percent) and the EU (6.4 percent). Imports in Brazil averaged 4706.85 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. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Imports in Brazil is expected to be 19000.00 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 21500.00 in 12 months time. In the long-term, the Brazil Imports is projected to trend around 22200.00 USD Million in 2020, according to our econometric models.
Brazil imports mainly manufactured goods (85 percent of total imports), namely machinery, fuels and lubricants, chemicals and pharmaceutical products, and parts and accessories for motor vehicles and tractors. The country also imports raw materials (10 percent), mostly crude oil, coal, natural gas and wheat grain. Main import partners are China (19 percent), the US (16 percent), Argentina and Germany (6 percent each) and South Korea and Mexico (3 percent each).