Brazil posted a record trade surplus of USD 10.3 billion in June of 2021, close to market expectations of USD 10.7 billion. Exports advanced 60.8% yoy to an all-time high of USD 28.1 billion, boosted by shipments of mining (175.8%), of which iron ore (172.1%); manufactured products (38.1%), namely iron and steel products; and agricultural goods (24.9%), mostly coffee (45%), soy (23.6%) and cotton (111.4%). Among main trading partners, shipments rose to China, Hong Kong and Macau (49.6%), the EU (83%) and the US (77%). Meanwhile, imports grew 61.5% to USD 17.7 billion, driven by manufactured products (66.3%), such as fuel oils (216.5%); mining goods (25.5%), namely natural gas (434.8%) and agricultural goods (61.1%), especially soy (181.9%) and corn (3410%). Imports rose mostly from China, Hong Kong, and Macau (57.6%), the EU (61.9%) and the US (60.7%). source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil averaged 882.59 USD Million from 1959 until 2021, reaching an all time high of 10372.04 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 July of 2021.
Balance of Trade in Brazil is expected to be 10300.00 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 3500.00 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.