Brazil's trade surplus narrowed to USD 5.4 billion in July of 2022 from USD 7.4 billion in the corresponding month of the previous year and missing market expectations of USD 7 billion. Imports surged 41.6% yoy to USD 24.51 billion, driven by purchases of manufactured products (43.4%), mining products (35.2%) and agricultural goods (8.9%). Meanwhile, exports advanced at a slower 23% to USD 29.96 billion, boosted by shipments of manufactured products (33.2%) and agricultural goods (40.2%). However, those of mining products declined by 5.6%. Among major trading partners, imports increased mostly from the US (60.9%), China (42.2%) and the EU (37.1%), while overseas sales rose primarily to the EU (53.5%), Argentina (45.8%) and the US (14.8%). source: Ministério do Desenvolvimento, Indústria e Comércio Exterior

Balance of Trade in Brazil averaged 950.52 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 August of 2022.

Balance of Trade in Brazil is expected to be 3027.00 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.

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Brazil Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-01 06:00 PM Jun $8.814B $4.9B $9.994B $9.3B
2022-08-01 06:00 PM Jul $5.444B $8.769B $6.993B $7.8B
2022-09-01 06:00 PM Aug $5.444B $8.1B


Related Last Previous Unit Reference
Balance of Trade 5444.00 8768.60 USD Million Jul 2022
Imports 24510.60 23861.40 USD Million Jul 2022
Exports 29954.60 32675.18 USD Million Jul 2022

Brazil Balance of Trade
In the last few years, Brazil has been reporting trade surpluses, primarily due to high export of mining and agricultural products. The biggest trade surpluses were reported with China, the Netherlands, Argentina, Chile, Iran and Spain while the largest trade deficits were recorded with Germany, South Korea, Russia, Switzerland Algeria and France.
Actual Previous Highest Lowest Dates Unit Frequency
5444.00 8768.60 10414.29 -4496.46 1959 - 2022 USD Million Monthly

News Stream
Brazil Trade Surplus Smaller than Expected
Brazil's trade surplus narrowed to USD 5.4 billion in July of 2022 from USD 7.4 billion in the corresponding month of the previous year and missing market expectations of USD 7 billion. Imports surged 41.6% yoy to USD 24.51 billion, driven by purchases of manufactured products (43.4%), mining products (35.2%) and agricultural goods (8.9%). Meanwhile, exports advanced at a slower 23% to USD 29.96 billion, boosted by shipments of manufactured products (33.2%) and agricultural goods (40.2%). However, those of mining products declined by 5.6%. Among major trading partners, imports increased mostly from the US (60.9%), China (42.2%) and the EU (37.1%), while overseas sales rose primarily to the EU (53.5%), Argentina (45.8%) and the US (14.8%).
2022-08-01
Brazil Trade Surplus Narrows More than Expected
Brazil's trade surplus shrank to USD 8.8 billion in June of 2022 from USD 10.4 billion in the corresponding month of the previous year and missed market expectations of USD 10.0 billion. Exports rose 15.6% to an all-time high of USD 32.7 billion, on higher shipments of manufactured (38.5%) and agricultural (30.4%) goods, while sales abroad fell for mining products (-24.3%). Imports surged 33.7% to USD 23.9 billion, as purchases of mining products soared 144.4%, followed by a 27.9% jump in manufactured products, and a 22.8% increase in agricultural goods. Among major trading partners, shipments rose the most to Argentina (55.0%), the US (47.4%), and the EU (27.1%), while imports increased mostly from the US (47.9%), Argentina (38.2%), and China (25.2%).
2022-07-01
Brazil Trade Surplus Narrows Less than Expected
Brazil's trade surplus shrank to USD 4.9 billion in May of 2022 from USD 8.5 billion in the corresponding month of the previous year but above market expectations of USD 4.6 billion. Imports surged 33.5% to a record high of USD 24.70 billion, led by purchases of mining products (74.8%), manufactured products (32%) and agricultural goods (14.5%). Among major trading partners, imports rose mostly from the US (68.5%), followed by China (14.5%), Argentina (44%) and the EU (17.2%). Meanwhile, exports rose at a softer 8% to a fresh high of USD 29.65 billion, with increases in sales of both manufactured products (19.4%) and agricultural goods (0.2%) being partly offset by a slump in those of mining products (-4.5%). Shipments grew mainly to the EU (47.7%), followed by the US (7.9%) and Argentina (27.5%), but declined to China (-11.9%).
2022-06-13