Brazil’s trade surplus shrank to USD 3.9 billion in October of 2022 from USD 3.99 billion in the corresponding month of the previous year, below market expectations of USD 4.2 billion. Exports grew 27.1% YoY, with agricultural goods contributing the most with a growth of 97.0%, along with the manufacturing industry, which added 31.6%. Exports to Argentina increased the most (41.8%) along with the European Union (48.1%), China, Hong Kong, and Macau (19.8%), and the USA (9.0%). Imports grew 19.8% YoY, with the extractive industry (which includes imports like fuel) increasing by 91.0%. Imports increased mostly from the US (+34.8%) and China, Hong Kong, and Macau (30.2%). source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil averaged 962.48 USD Million from 1959 until 2022, reaching an all time high of 10414.29 USD Million in June of 2021 and a record low of -4496.46 USD Million in January of 2014. This page provides the latest reported value for - Brazil Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Balance of Trade in Brazil is expected to be 7455.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Balance of Trade is projected to trend around 7568.00 USD Million in 2023 and 7247.00 USD Million in 2024, according to our econometric models.