Brazil Balance of Trade  1959-2017 | Data | Chart | Calendar | Forecast

Brazil posted a USD 7,661 million trade surplus in May of 2017, 19 percent higher than a USD 6,437 million surplus a year earlier and in line with market expectations. It is the highest surplus ever, amid record harvest of soy. Considering the first five months of the year, the country’s trade surplus widened to USD 29 billion, the highest on record for the period. Balance of Trade in Brazil averaged 755.66 USD Million from 1959 until 2017, reaching an all time high of 7661 USD Million in May of 2017 and a record low of -4066.52 USD Million in January of 2014.

Brazil Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-03 06:00 PM Mar $7.145B $4.56B $6.8B $4.8B
2017-05-02 06:00 PM Apr $6.97B $7.145B $7.1B $4.5B
2017-06-01 06:00 PM May $7.66B $6.97B $7.6B $5.1B
2017-07-03 06:00 PM Jun $7.66B $7.53B $6.4B
2017-08-01 06:00 PM Jul
2017-09-01 06:00 PM Aug




Brazil Trade Surplus Hits Record High In May


Brazil posted a USD 7,661 million trade surplus in May of 2017, 19 percent higher than a USD 6,437 million surplus a year earlier and in line with market expectations. It is the highest surplus ever, amid record harvest of soy.

Exports jumped 12.6 percent year-on-year to USD 19,792 million, boosted by sales of semimanufactured products (16.4 percent), namely iron and steel (63.7 percent), sugar (46 percent), pulp (29 percent), sawn wood (22.5 percent) and leather (3.5 percent); basic products including corn (922.3 percent), crude oil (94.2 percent), copper (62.5 percent), iron ore (17.5 percent), coffee beans (2 percent) and soybeans (7.7 percent). In contrast, shipments of manufactured products declined 1.2 percent, namely electric motors and generators (-22.5 percent) and plastic polymers (-4.4 percent).
 
Exports rose to Central America and the Caribbean (36.8 percent), Africa (23.9 percent), the US (21.6 percent), the Middle East (18.2 percent), Mercosul (16.8 percent) and Asia (16.2 percent out of which those to China gained 10.2 percent).
 
Imports increased at a slower 9 percent to USD 12,131 million. Purchases rose for fuels and lubricants (30.2 percent), consumer goods (20.2 percent) and intermediate goods (1.5 percent) but fell for capital goods (-20.7 percent).
 
Considering the first five months of the year, exports went up 18.5 percent to USD 87.932 billion. Higher prices for iron ore (94.1 percent), oil (68 percent), soy (8 percent), cargo vehicles (5 percent) and automobiles (1.8 percent) were the main drivers of the increase while in volume terms, sales declined 0.8 percent. Imports increased 8.4 percent to USD 58.9 billion, bringing  the country’s trade surplus to USD 29 billion, the highest on record for the period. 

Joana Taborda | joana.taborda@tradingeconomics.com
6/1/2017 11:13:02 PM



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 7661.00 6969.00 7661.00 -4066.52 USD Million [+]
Exports 19792.00 17686.00 26158.51 75.06 USD Million [+]
Imports 12131.00 10717.00 23061.08 67.00 USD Million [+]
Current Account 1152.80 1377.10 3007.00 -13165.00 USD Million [+]
External Debt 678952.08 682160.91 714292.15 64259.50 USD Million [+]
Current Account to GDP -1.30 -3.32 1.80 -8.20 percent [+]
Terms of Trade 112.07 115.77 132.67 64.72 Index Points [+]
Capital Flows 1757.00 1818.10 2919.60 -13168.80 USD Million [+]
Foreign Direct Investment 5577.40 7119.10 20427.00 -24.10 USD Million [+]
Remittances 162.00 214.90 386.00 70.80 USD Million [+]
Gold Reserves 67.29 67.29 119.01 31.99 Tonnes [+]
Crude Oil Production 2676.00 2687.00 2730.00 330.00 BBL/D/1K [+]
Terrorism Index 1.74 2.21 2.69 0.00 [+]
Tourist Arrivals 5813.00 5677.00 5813.00 1991.00 Thousand [+]
Weapons Sales 109.00 38.00 269.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Brazil Balance of Trade Notes

From 2001 to 2012, Brazil ran regular trade surpluses, primarily due to high export of mining and agricultural products, swinging to deficit between 2013-14. In 2015, the country posted a $19.7 billion surplus hitting its highest value since 2011, as the weaker real boosted exports and the lower domestic demand affected imports. In 2015, the biggest trade surpluses were recorded with the Netherlands, China, Argentina, Venezuela and United Arab Emirates; and the biggest trade deficits with Germany, Nigeria, the United States, South Korea and France. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7661.00 6969.00 7661.00 -4066.52 1959 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico 616.79 Apr/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17