Brazil's trade surplus narrowed to USD 1.48 billion in March of 2021 from USD 3.83 billion in the corresponding month of the previous year and compared with market expectations of a USD 3.10 billion surplus. Exports surged 27.8 percent over a year earlier to USD 24.50 billion, amid higher sales of mining products (72.6 percent), agricultural goods (34.5 percent), and manufactured products (8.3 percent). Among main trading partners, shipments rose to China (46.1 percent), the EU (22.1 percent), and the US (18.0 percent). Meantime, imports soared at a faster 51.7 percent to USD 23.02 billion, boosted by purchases of manufactured products (52.5 percent), mining products (28.3 percent), and agricultural goods (9.7 percent). Among main trading partners, imports increased from China (54.4 percent), the EU (11.7 percent) and the US (21.9 percent). Considering the first quarter of the year, the trade surplus fell sharply to USD 1.6 billion from USD 4.5 billion a year ago. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil averaged 970.41 USD Million from 1959 until 2021, reaching an all time high of 7945.92 USD Million in July of 2020 and a record low of -4068.90 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 April of 2021.
Balance of Trade in Brazil is expected to be 2900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Brazil to stand at 3000.00 in 12 months time. In the long-term, the Brazil Balance of Trade is projected to trend around 5200.00 USD Million in 2022 and -200.00 USD Million in 2023, according to our econometric models.