Brazil's trade surplus increased to $11.4 billion in May of 2023, up from a $4.9 billion surplus in the same month of the prior year, and well above market expectations of a $ 9 billion trade surplus. It was the highest trade surplus recorded as exports jumped 11.6% from a year earlier to $ 33.07 billion, led by an increase in sales of agricultural industries (+15.7% to $9.23 billion), extractive industry (+12.8%% to $7 billion) and transformation industries (+8.5% to $16.64 billion). Exports increased to Argentina (+32%), the United States (+5.8%) and China, Hong Kong and Macau (+26.4%) while shipments to European Union (-22.1%) fell. Meanwhile, imports declined 12.1% to $21.69 billion, mainly due to lower purchases of agricultural industries (-36.4% to $0.33 billion), extractive industry (-19.1%% to $1.5 billion) and transformation industries (-11% to $19.7 billion). Purchases fell from Argentina (-4.8%), the United States (-21.4%), China, Hong Kong and Macau (+1%). source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil averaged 1014.51 USD Million from 1959 until 2023, reaching an all time high of 11400.00 USD Million in May of 2023 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 June of 2023.
Balance of Trade in Brazil is expected to be 10735.00 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 9945.00 USD Million in 2024 and 9587.00 USD Million in 2025, according to our econometric models.