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.