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.

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Brazil Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-05-02 06:00 PM Apr $8.225B $10.956B $8.6B $9.1B
2023-06-01 06:00 PM May $11.4B $8.225B $9B $9.2B
2023-07-03 06:00 PM Jun $ 10.7B


Related Last Previous Unit Reference
Balance of Trade 11400.00 8225.00 USD Million May 2023
Imports 21689.20 19140.25 USD Million May 2023
Exports 33067.60 27365.00 USD Million May 2023

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
11400.00 8225.00 11400.00 -4496.46 1959 - 2023 USD Million Monthly

News Stream
Brazil Trade Surplus at All-Time High in May
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%).
2023-06-01
Brazil Trade Surplus Below Estimates
Brazil's trade surplus increased to $8.22 billion in April of 2023, up from a $ 8.21 billion surplus in the same month of the prior year, missing market expectation of a $ 8.6 billion trade surplus. Exports ticked down 0.3% from a year earlier to $ 27.37 billion, led by goods from the extractive industry (-6.6%% to $5.3 billion) and manufacturing industries (-6.3% to $13.05 billion). Exports decreased to the United States (-7.6%) and the European Union (6.4%), while shipments to Argentina (+38.3%) and China, Hong Kong and Macau (+5.3%) went up. Meanwhile, imports declined 2.6% to $19.14 billion, mainly due to lower purchases of goods in manufacturing industries (-3.9% to $17.01 billion) and agricultural industries (-23.5% to $0.35 billion) and manufacturing industries (-0.8% to $20.06 billion). Purchases fell from the United States (-21.4%) and Argentina (-8.8%), but rose from China, Hong Kong and Macau (+2.8%), and the European Union (+17%).
2023-05-02
Brazil Trade Surplus Widens in March
Brazil's trade surplus increased to $10.956 billion in March of 2023, from a $ 7.585 billion surplus in the same month of the prior year, above market expectations of a $ 9.05 billion trade surplus. Exports rose by 7.3% from a year earlier to $ 33.06 billion, led by goods from the extractive industry (+20.6%% to $8.50 billion), agricultural goods (6.3% to $9.02 billion) and manufacturing industries (1.6% to $15.35 billion). Exports increased to Argentina (25.8%), the United States (4%) China, Hong Kong and Macau (+12.3%) and the European Union (6.4%). Meanwhile, imports went down 3.1% to $22.1 billion, mainly due to lower purchases of goods in extractive industries (-23.8% to $1.43 billion), agricultural industries (-19.7% to $0.42 billion) and manufacturing industries (-0.8% to $20.06 billion). Purchases fell from the United States (-6.8%) and China, Hong Kong and Macau (-19.5%), but rose from Argentina (16.4%) and the European Union (15.1%).
2023-04-03