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.

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Brazil Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-03 06:00 PM Sep $3.994B $4.165B $4.75B $ 3B
2022-11-01 06:00 PM Oct $3.9B $3.994B $4.2B $4.5B
2022-12-01 06:00 PM Nov $3.9B $5.024B $4.4B


Related Last Previous Unit Reference
Balance of Trade 3900.00 3994.00 USD Million Oct 2022
Imports 23381.36 24956.50 USD Million Oct 2022
Exports 27298.85 28950.02 USD Million Oct 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
3900.00 3994.00 10414.29 -4496.46 1959 - 2022 USD Million Monthly

News Stream
Brazil Trade Surplus Narrows Slightly
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%).
2022-11-01
Brazil Trade Surplus Shrinks as Imports Continue Rise
Brazil’s trade surplus shrank to USD 3.99 billion in September of 2022 from USD 4.4 billion in the corresponding month of the previous year, below market expectations of USD 4.5 billion. Imports jumped by 24.9% YoY to USD 24.95 billion, boosted by purchases of manufactured products (+24.7%), mining products (+40.6%), and agricultural goods (+7.6%). Meanwhile, exports advanced at 18.8% to USD 28.95 billion, as stronger shipments of manufactured products (+22.3%) and agricultural goods (+47.5%) more than offset a decline in mining products (-4.1%). Among major trading partners, imports increased mostly from China (+26.7%), the US (+19.0%), and the EU (+22.2%), while overseas sales rose primarily to the EU (+50.5%), Argentina (+47.1%), the US (+14.3%), as sales to China declined (-5.5%).
2022-10-03
Brazil Trade Surplus Narrows Less than Expected
Brazil's trade surplus shrank to USD 4.2 billion in August of 2022 from USD 7.7 billion in the corresponding month of the previous year but above market expectations of USD 3.8 billion. Imports jumped by 30.5% yoy to USD 26.68 billion, boosted by purchases of manufactured products (+29.9%), mining products (+45.4%) and agricultural goods (+30%). Meanwhile, exports advanced at a slower 8.4% to USD 30.84 billion, as stronger shipments of manufactured products (+24.8%) and agricultural goods (+38.4%) more than offset a decline in mining products (-30.2%). Among major trading partners, imports increased mostly from China (+54.2%), the US (+21.2%) and the EU (+19.3%), while overseas sales rose primarily to the US (+22.8%), Argentina (+34.3%) and the EU (+9.9%), but declined to China (-17.5%).
2022-09-01