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Brazil Trade Surplus Hits Record High in June
Brazil posted a record trade surplus of USD 10.3 billion in June of 2021, close to market expectations of USD 10.7 billion. Exports advanced 60.8% yoy to an all-time high of USD 28.1 billion, boosted by shipments of mining (175.8%), of which iron ore (172.1%); manufactured products (38.1%), namely iron and steel products; and agricultural goods (24.9%), mostly coffee (45%), soy (23.6%) and cotton (111.4%). Among main trading partners, shipments rose to China, Hong Kong and Macau (49.6%), the EU (83%) and the US (77%). Meanwhile, imports grew 61.5% to USD 17.7 billion, driven by manufactured products (66.3%), such as fuel oils (216.5%); mining goods (25.5%), namely natural gas (434.8%) and agricultural goods (61.1%), especially soy (181.9%) and corn (3410%). Imports rose mostly from China, Hong Kong, and Macau (57.6%), the EU (61.9%) and the US (60.7%).
Published on 2021-07-01

Brazil Trade Surplus Widens in May
Brazil's trade surplus widened to USD 9.3 billion in May of 2021 from USD 6.9 billion in the corresponding month of the previous year and almost in line with market expectations. Exports surged 46.5 percent over a year earlier to USD 26.95 billion, amid higher sales of manufactured products (34.6 percent), agricultural products (43 percent) and mining goods (85.8 percent). Among main trading partners, shipments rose to China, Hong Kong, and Macau (33.1 percent), the EU (21.1 percent), and the US (67 percent). Meantime, imports soared 57.4 percent to USD 17.66 billion, boosted by purchases of manufactured products (56.5 percent), mining products (107.5 percent), and agricultural goods (36.8 percent). Among main trading partners, imports increased from the EU (37.2 percent), China, Hong Kong, and Macau (43.1 percent) and the US (48.5 percent).
Published on 2021-06-01

Brazil Trade Surplus Hits Record High
Brazil's trade surplus widened to USD 10.35 billion in April of 2021 from USD 6.00 billion in the corresponding month of the previous year and compared with market expectations of a USD 11.40 billion surpluses. Exports surged 50.5 percent over a year earlier to USD 26.48 billion, amid higher sales of manufactured products (43.9 percent), mining goods (73.2 percent), and agricultural products (44.4 percent). Among main trading partners, shipments rose to China (55.1 percent), the EU (37.0 percent), and the US (33.7 percent). Meantime, imports soared 41.1 percent to USD 16.13 billion, boosted by purchases of manufactured products (42.6 percent), mining products (35.5 percent), and agricultural goods (1.6 percent). Among main trading partners, imports increased from the EU (32.2 percent), China (45.8 percent) and the US (16.1 percent).
Published on 2021-05-03

Brazil Trade Surplus Narrows More than Expected
Brazil's trade surplus narrowed to USD 1.48 billion in March of 2021 from USD 3.83 billion in the corresponding month of the previous year and compared with market expectations of a USD 3.10 billion surplus. Exports surged 27.8 percent over a year earlier to USD 24.50 billion, amid higher sales of mining products (72.6 percent), agricultural goods (34.5 percent), and manufactured products (8.3 percent). Among main trading partners, shipments rose to China (46.1 percent), the EU (22.1 percent), and the US (18.0 percent). Meantime, imports soared at a faster 51.7 percent to USD 23.02 billion, boosted by purchases of manufactured products (52.5 percent), mining products (28.3 percent), and agricultural goods (9.7 percent). Among main trading partners, imports increased from China (54.4 percent), the EU (11.7 percent) and the US (21.9 percent). Considering the first quarter of the year, the trade surplus fell sharply to USD 1.6 billion from USD 4.5 billion a year ago.
Published on 2021-04-01

Brazil Trade Surplus Narrows Less than Expected
Brazil's trade surplus narrowed to USD 1.15 billion in February of 2021 from USD 2.33 billion in the corresponding month of the previous year and compared with market expectations of a USD 0.9 billion surplus. Exports increased 3.9 percent over a year earlier to USD 16.18 billion, as higher sales of mining products (13.8 percent) and manufactured products (3.5 percent) were partly offset by a decline in those of agricultural goods (-10.8 percent). Among main trading partners, shipments rose to China (4.5 percent) and the US (3.4 percent). Meantime, imports jumped at a faster 13.4 percent to USD 15.03 billion, boosted by purchases of agricultural goods (14.9 percent) and manufactured products (12.4 percent). Among main trading partners, imports increased from China (39.2 percent), the UE (10.4 percent) and Argentina (17.3 percent).
Published on 2021-03-01

Brazil Trade Gap Unexpectedly Narrows
Brazil's trade deficit narrowed to USD 1.1 billion in January of 2021 from USD 1.7 billion in the corresponding month of the previous year and compared with market expectations of a USD 2.0 billion shortfall. Exports rose 2.2 percent over a year earlier to USD 14.8 billion, while imports fell 1.5 percent to USD 15.9 billion.
Published on 2021-02-01

Brazil Trade Balance Swings to Deficit in December
Brazil's trade balance shifted to a USD 0.04 billion deficit in December of 2020 from a USD 5.95 billion surplus in the same month of the previous year and compared with market expectations of a USD 0.20 billion surplus. Exports dropped 0.7 percent over a year earlier to USD 18.37 billion, while imports jumped 47 percent to USD 18.41 billion. For 2020, Brazil recorded a trade surplus of USD 51 billion, up 6% from the previous year's USD 48 billion surplus.
Published on 2021-01-04

Brazil Trade Surplus Widens Less than Expected
Brazil's trade surplus widened to USD 3.73 billion in November of 2020 from USD 3.56 billion in the corresponding month of the previous year and compared with market expectations of a USD 4.79 billion surplus. Exports dropped 1.2 percent over a year earlier to USD 17.53 billion, while imports fell at a faster 2.6 percent to USD 13.79 billion.
Published on 2020-12-01

Brazil Trade Surplus Widens Less than Expected
Brazil's trade surplus widened sharply to USD 5.47 billion in October 2020 from USD 2.55 billion in the corresponding month of the previous year and compared with market expectations of a USD 6.1 billion surplus. When adjusted for the working day average, exports dropped 8.8 percent from a year earlier to USD 17.86 billion, while imports plunged 27.3 percent to USD 12.38 billion. Among major trading partners, exports declined to the US (-15.4 percent) while shipments to Europe rose (4.2 percent). Imports went down to Asia (-12.4 percent), Europe (-11.7 percent) and the US (-30 percent).
Published on 2020-11-03

Brazil Trade Surplus Widens in September
Brazil's trade surplus widened to USD 6.2 billion in September of 2020 from USD 3.8 billion in the corresponding month of the previous year but below market expectations of USD 7.1 billion. When adjusted for the working day average, exports declined 9.1 percent from a year earlier to USD 18.5 billion, while imports fell 25.5 percent to USD 12.3 billion. Among major trading partners, exports dropped to the EU (-43.6 percent) and the US (-23.9 percent) while shipments to Asia jumped 9.1 percent. Imports dropped to Asia (-0.5 percent), the EU (-18.7 percent) and the US (-26.6 percent).
Published on 2020-10-01

Brazil Trade Surplus Widens in August
Brazil's trade surplus widened to USD 6.6 billion in August of 2020 from USD 4.1 billion in the corresponding month of the previous year and almost in line with market expectations. When adjusted for the working day average, exports declined 5.5 percent from a year earlier to USD 17.7 billion, while imports fell 25.1 percent to USD 11.1 billion. Among major trading partners, exports dropped to the EU (-9.0 percent) and the US (-25.9 percent) while shipments to Asia jumped 8.7 percent. Imports plunged to Asia (-15.9 percent), the EU (-22.7 percent) and the US (-46.1 percent).
Published on 2020-09-01

Brazil Posts Record Trade Surplus
Brazil’s trade surplus widened to a record USD 8.1 billion in July of 2020 from USD 2.4 billion in the same month last year and in line in market expectations. When adjusted for the working day average, exports declined 2.9 percent from a year earlier to USD 19.6 billion, while imports fell 35.2 percent to USD 11.5 billion. Among major trading partners, exports dropped to the EU (-9.8 percent) and the US (-37.4 percent) while shipments to Asia jumped 15.4 percent. Imports plunged to Asia (-16.8 percent), the EU (-33.6 percent) and the US (-46.5 percent).
Published on 2020-08-03

Brazil Posts Biggest Trade Surplus since 2017
Brazil’s trade surplus widened to USD 7.5 billion in June of 2020 from USD 5.4 billion in the same month last year and above market expectations of USD 6.95 billion. It was the second biggest monthly trade surplus in Brazil's history, only behind the USD 7.7 billion surplus registered in May 2017. When adjusted for the working day average, exports declined 12 percent from a year earlier to USD 17.9 billion, while imports fell 27.4 percent to USD 10.5 billion. Among major trading partners, exports dropped to the EU (-21.3 percent) and the US (-43.5 percent) while shipments to Asia jumped 10.8 percent. Imports plunged to Asia (-21.7 percent), the EU (-26.3 percent) and the US (-28.1 percent).
Published on 2020-07-01

Brazil Trade Surplus Narrows in May
Brazil’s trade surplus narrowed to USD 4.5 billion in May of 2020 from USD 5.6 billion in the same month last year and below market expectations of USD 4.7 billion. When adjusted for the working day average, exports declined 4.2 percent from a year earlier to USD 17.9 billion, while imports fell 1.6 percent to USD 13.4 billion. Among major trading partners, exports dropped to the EU (-8.5 percent) and the US (-43.5 percent) while shipments to Asia jumped 27.7 percent. Imports plunged to Asia (-11.1 percent), the EU (-16.4 percent) and the US (-39 percent).
Published on 2020-06-01

Brazil Trade Surplus Higher than Expected
Brazil's trade surplus widened to USD 6.7 billion in April of 2020 from USD 5.7 billion in the corresponding month of the previous year and above market consensus of 6.2 billion. When adjusted for the working day average, exports declined 0.3% from a year earlier to USD 18.3 billion, dragged by lower sales of manufactured (-34.4%) and of semi-manufactured products (-4.8%). In contrast, exports of basic goods advanced 22.8%. Among major trading partners, exports declined to the EU (-3.0%) and the US (-31.7%). On the other hand, exports to China, Hong Kong and Macau rose 27.9%. Meantime, imports dropped 10.5% to USD 11.6 billion, particularly intermediate goods (-2.3%); capital goods (-22.4%); capital goods (-21.9%) and fuels & lubricants (-28.3%). Imports fell mainly from China, Hong Kong and Macau (-17%), the EU (-9.1%) and the US (-11.6%)
Published on 2020-05-04

Brazil Trade Surplus Widens in March
Brazil's trade surplus widened to USD 4.71 billion in March of 2020 from USD 4.30 billion in the corresponding month of the previous year and slightly above market consensus of 4 billion. When adjusted for the working day average, exports declined 4.7% from a year earlier to USD 19.239 billion, dragged by lower sales of basic goods (-0.6%) and manufactured goods (-14.9%). In contrast, exports of semi-manufactured products advanced 6.1%. Among major trading partners, exports declined to China, Hong Kong and Macau (-3.2%); the EU (-6.3%) and the US (-20.2%). Meantime, imports dropped 4.5% to USD 14.525 billion, mainly due to consumer goods (-19.3%) and fuels & lubricants (-23.5%). On the other hand, imports of intermediate goods (3.5%) and capital goods (2.8%) increased. Imports fell mainly from China, Hong Kong and Macau (-17.1%), the EU (-6.6%) and the US (-13.4%)
Published on 2020-04-01

Brazil Trade Surplus Higher than Expected
Brazil’s trade surplus narrowed slightly to USD 3.096 billion in February 2020 from USD 3.116 billion in the same month of the previous year but above market expectations of a USD 1.5 billion surplus. When adjusted for the working day average, exports climbed 15.5% from a year earlier to USD 16.355 billion, boosted by higher sales of basic goods (+26.2%), of which fuels (+63.5%) and soybeans (+5.7%); semi-manufactured products (+6.2%) and manufactured goods (+4.0%). Among major trading partners, exports rose to China, Hong Kong and Macau (20.9%); the EU (+31.7%) and ASEAN countries (+91.6%); while those from the US fell 9.7%. Meantime, imports climbed at a faster 16.7% to USD 13.259 billion, mainly due to intermediate goods (+3.2%); capital goods (+102.2%); fuels & lubricants (+31.2%) and consumer goods (+2.2%). Imports advanced mainly from the US (+77.8%); the EU (+5.2%) and China, Hong Kong and Macau (+0.7%).
Published on 2020-03-02

Brazil Posts First Trade Gap for January Month since 2015
Brazil recorded a trade deficit of USD 1.75 billion in January 2020 compared to a USD 1.70 billion surplus in the same month of the previous year and against market expectations of a USD 0.1 billion surplus. It was the first monthly trade shortfall for a January month since 2015, as exports slipped 20.2 percent year-on-year to USD 14.43 billion, amid lower shipments of basic goods (-11.9 percent), mostly fuels (-29.2 percent), soybeans (-33.2 percent) and corn grains (-41 percent); manufactured goods (-27.7 percent), namely vehicles (-18.2 percent) and semi-manufactured products (-25.3 percent), such as cellulose (-44.5 percent) and iron & steel (-37.6 percent). Meantime, imports fell at a slower 1.3 percent to USD 16.175 billion, as declines in acquisitions of intermediate goods (-3.4 percent) and fuels & lubricants (-15.3 percent) offset increases in those of capital goods (6.6 percent) and consumer goods (6.9 percent).
Published on 2020-02-03

Brazil Trade Surplus Narrows in December
Brazil’s trade surplus shrank to USD 5.600 billion in December 2019 from USD 6.428 billion in the same month of the previous year but above market expectations of a USD 4.352 billion surplus. Exports slumped 6.2% from a year earlier to USD 18.16 billion, dragged down by lower shipments of manufactured goods (-13.6%), mostly fuels (-14.6 percent); aluminum oxides/hydroxides (-20.6%); motor engines & parts (-6.9%) and auto parts (-22.7%). Also, sales decreased for semi-manufactured products (-21.2%), namely cellulose (-43.1%); raw sugar (-10.2%) and iron & steel (-27.1%). Those of primary goods, in turn, rose 3.3%, driven by crude oil (48.2%); beef (55.5%); corn (20.2%) and chicken meat (11.7%). In contrast, declines were seen in exports of iron ore (-18.8%) and soybeans (-20%). Imports went down 2.8% to USD 12.56 billion, as purchases fell for capital goods (-11.8%); consumption goods (-3.3%) and fuels & lubricants (-6.2%). Conversely, acquisitions of intermediate goods grew (1.6%).
Published on 2020-01-02

Brazil Trade Surplus Shrinks in November
Brazil’s trade surplus narrowed to USD 3.428 billion in November 2019 from USD 4.076 billion in the same month last year but above market expectations of USD 3.365 billion. Both, imports and exports dropped 16 percent from a year earlier. This comes after the US President Donald Trump announced today that he will reimpose steel and aluminium tariffs on the country.
Published on 2019-12-02