Brazil's trade surplus widened to USD 3.28 billion in August 2019 from USD 2.77 billion in the corresponding month of the previous year and slightly above market consensus of USD 3.20 billion. Exports declined 12.5 percent over a year earlier and imports dropped at a faster 17.1 percent. Balance of Trade in Brazil averaged 901.02 USD Million from 1959 until 2019, reaching an all time high of 7660.98 USD Million in May of 2017 and a record low of -4068.90 USD Million in January of 2014.

Balance of Trade in Brazil is expected to be 4900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Brazil to stand at 4500.00 in 12 months time. In the long-term, the Brazil Balance of Trade is projected to trend around 3000.00 USD Million in 2020, according to our econometric models.

Brazil Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-03 06:00 PM Balance of Trade May $6.42B $6.07B $6.7B $5.7B
2019-07-01 06:00 PM Balance of Trade Jun $5.02B $6.29B $5.4B $ 5.9B
2019-08-01 06:00 PM Balance of Trade Jul $2.29B $5.02B $3.8B $5.8B
2019-09-02 06:00 PM Balance of Trade Aug $3.28B $2.29B $3.2B $2.9B
2019-10-01 06:00 PM Balance of Trade Sep $3.28B $ 4B
2019-11-01 06:00 PM Balance of Trade Oct
2019-12-02 05:00 PM Balance of Trade Nov



Brazil Trade Surplus Widens in August

Brazil's trade surplus widened to USD 3.28 billion in August 2019 from USD 2.77 billion in the corresponding month of the previous year and slightly above market consensus of USD 3.20 billion. Exports declined 12.5 percent over a year earlier and imports dropped at a faster 17.1 percent.

Exports fell 12.5 percent year-on-year to USD 18.85 billion in August, mainly due to lower sales of primary goods (-1.9 percent) and industrial goods (-21.5 percent), of which manufactured products (-29 percent) namely passenger vehicles (-47.7 percent); cargo vehicles (-34.6 percent); engine parts and aviation turbines (-23.7 percent); planes (-23.6 percent) and parts (-21 percent). Meanwhile, sales of semi-manufactured products rose 9.4 percent, in particular  iron (471.5%), ferroalloys (64.3 percent), cast iron (34.9 percent), raw zinc (26.9 percent) and gold (21.1 percent). 

Among major trading partners, exports declined to China (-8.3 percent), the US (-1.5 percent), the EU (-1.5 percent), Argentina (-40.4 percent), and ASEAN countries (-1 percent).

Imports went down 17.1 percent to USD 15.57 billion, due to lower purchases of intermediate (-6.2 percent), capital (-37.8 percent) and consumption goods (-11 percent). In addition exports of fuels & lubricants decreased 36.9 percent. 

Among major trading partners, imports dropped from China (-41.1 percent) and Argentina (-30 percent), but advanced from the EU (1.5 percent) and the US (18.9 percent).

Considering the first seven months of 2019, the country recorded a USD 31.76 billion trade surplus.


MDIC | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/2/2019 6:30:38 PM


News

Brazil Posts Smallest Trade Surplus for July since 2014
Brazil's trade surplus decreased to USD 2.29 billion in July 2019 from USD 3.87 billion in the same month of the previous year and below market expectations of a USD 3.8 billion surplus. It is the smallest trade surplus recorded for a July month since 2014, as exports fell much faster than imports.
Published on 2019-08-02

Brazil Trade Gap Narrows in June
Brazil's trade surplus narrowed to USD 5.02 billion in June 2019 from USD 5.88 billion in the same month of the previous year and below market consensus of a USD 5.4 billion surplus. Exports fell 10.3 percent year-on-year and imports dropped at a softer 9.1 percent.
Published on 2019-07-01

Brazil Trade Surplus Widens in May
Brazil's trade surplus widened to USD 6.42 billion in May 2019 from a USD 6.07 billion in the same month of the previous year but below market expectations of a USD 6.7 billion surplus. It was the largest monthly surplus so far this year. Imports rose 12.9 percent year-on-year and exports advanced 10.7 percent.
Published on 2019-06-03

Brazil Trade Surplus Widens Slightly in April
Brazil's trade surplus rose to USD 6.06 billion in April 2019 from a downwardly revised USD 5.92 billion in the corresponding month of the previous year but missing market expectations of a USD 6.70 billion surplus. It is the second largest trade surplus ever recorded for an April month and the biggest monthly surplus so far this year, as imports fell faster than exports.
Published on 2019-05-03



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 3280.00 2290.00 7660.98 -4068.90 USD Million [+]
Current Account -4274.30 -9040.00 3104.70 -13345.00 USD Million [+]
Current Account to GDP -0.77 -0.35 1.80 -8.20 percent [+]
Imports 15569.00 17761.00 23049.60 67.00 USD Million [+]
Exports 18853.00 20054.00 26148.24 75.06 USD Million [+]
External Debt 689500.60 679601.83 714260.45 64259.50 USD Million [+]
Terms of Trade 111.92 111.00 132.65 64.67 Index Points [+]
Capital Flows -8213.70 -2529.80 3366.30 -13679.20 USD Million [+]
Foreign Direct Investment 9469.70 7660.00 16274.73 -101.00 USD Million [+]
Remittances 211.00 251.40 386.00 70.80 USD Million [+]
Gold Reserves 67.36 67.40 119.01 31.99 Tonnes [+]
Crude Oil Production 2731.00 2604.00 2731.00 330.00 BBL/D/1K [+]
Terrorism Index 1.39 1.57 2.69 0.00 [+]
Weapons Sales 111.00 47.00 267.00 1.00 USD Million [+]
Tourist Arrivals 6621.00 6589.00 6621.00 1991.00 Thousand [+]

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



Brazil Balance of Trade

From 2001 to 2012 and 2015 to 2017 Brazil has reported trade surpluses, primarily due to high export of mining and agricultural products. In 2018, the biggest trade surpluses were reported with China, Netherlands, Argentina, Chile, Iran and Spain while the largest trade deficits were recorded with Germany, South Korea, Russia, Switzerland Algeria 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3280.00 2290.00 7660.98 -4068.90 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.26 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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