Brazil’s trade surplus narrowed to USD 4.99 billion in March 2019 from USD 6.28 billion in the same month a year earlier and missing market expectations of a USD 5.548 billion. Imports rose 5.1 percent year-on-year while exports fell 1.0 percent. Imports tend to be volatile during Carnival season. Balance of Trade in Brazil averaged 881.45 USD Million from 1959 until 2019, reaching an all time high of 7661.35 USD Million in May of 2017 and a record low of -4066.52 USD Million in January of 2014.

Balance of Trade in Brazil is expected to be 5900.00 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
2019-01-02 04:15 PM Balance of Trade $6.64B $4.06B $ 5.1B
2019-02-01 05:15 PM Balance of Trade $2.19B $6.64B $3.4B $4.0B
2019-03-01 06:00 PM Balance of Trade $3.67B $2.19B $3B $2.19B
2019-04-01 06:00 PM Balance of Trade $4.99B $3.67B $5.548B $7.0B
2019-05-02 06:00 PM Balance of Trade $4.99B
2019-05-31 06:00 PM Balance of Trade
2019-07-01 06:00 PM Balance of Trade $5.9B



Brazil Trade Surplus Narrows in March

Brazil’s trade surplus narrowed to USD 4.99 billion in March 2019 from USD 6.28 billion in the same month a year earlier and missing market expectations of a USD 5.548 billion. Imports rose 5.1 percent year-on-year while exports fell 1.0 percent. Imports tend to be volatile during Carnival season.

Imports increased 5.1 percent from a year ago to USD 13.13 billion in March, mainly drive by purchases of capital (13 percent); intermediate (5.8 percent) and consumption goods (1.6 percent). On the other hand, purchases of fuels and lubricants decreased 0.5 percent. Shipments rose to China (3.0 percent) and the US (0.7 percent) while decreased to the EU (-1.3 percent).

Exports dropped 1.0 percent to USD 18.12 billion. Sales declined for manufactured products (-68.2 percent), namely cargo vehicles (-68.2 percent), fuels (-49.6 percent), and autos (-41.4 percent); semi-manufactured (-34.6 percent), of which sugar (-34.6 percent), and celullose (-12.0 percent). Meanwhile, sales of basic products went up 123.6 percent, mostly corn (86.7 percent), soybeans (30.2 percent), coffee beans (29.1 percent) and crude oil (14.4 percent). Exports declined to Argentina (-48.4 percent) and the EU (-2.9 percent), but advanced 6.1 percent to China and 9.6 percent to the US.


MDIC | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/1/2019 6:47:36 PM


News

Brazil Trade Surplus Hits Record High for February
The trade surplus in Brazil widened to USD 3.67 billion in February of 2019 from USD 2.99 billion a year earlier. Figures beat market expectations of USD 3 billion as imports fell faster than exports. Imports in February tend to be volatile due to Carnival. Carnival in 2019 will follow in March while in 2018 if fell in February. Yet, it is the highest trade surplus for a February month since the series began.
Published on 2019-03-01

Brazil Posts Smallest Trade Surplus in 3 Years
Brazil's trade surplus narrowed to USD 2.19 billion in January 2019 from USD 2.82 billion in the same month of the previous year and below market expectations of USD 3.4 billion. It was the smallest trade surplus since January of 2016, as imports jumped 15.4 percent year-on-year to USD 16.39 billion and exports rose at a softer 9.1 percent to USD 18.58 billion.
Published on 2019-02-01

Brazil Posts Largest Trade Surplus in 18 Months
Brazil's trade surplus widened sharply to USD 6.64 billion in December 2018 from USD 5.00 billion in the same period of the previous year. It was the largest trade surplus since June 2017.
Published on 2019-01-02

Brazil Trade Surplus Widens in November
Brazil trade surplus increased to USD 4.06 billion in November 2018 from USD 3.54 billion in the same month of the previous year, slightly below market expectations of a USD 4.3 billion surplus. Exports grew 25.4 percent mostly due to shipments of soybeans and crude oil. Meantime, imports advanced 28.3 percent boosted by purchases of intermediate goods and capital goods.
Published on 2018-12-03



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 4990.00 3670.00 7661.35 -4066.52 USD Million [+]
Current Account -1134.00 -6550.00 3104.70 -13345.00 USD Million [+]
Current Account to GDP -0.77 -0.35 1.80 -8.20 percent [+]
Imports 13130.00 12620.00 23061.08 67.00 USD Million [+]
Exports 18120.00 16293.00 26158.51 75.06 USD Million [+]
External Debt 663800.83 657912.13 714260.45 64259.50 USD Million [+]
Terms of Trade 104.00 103.68 132.67 64.72 Index Points [+]
Capital Flows -635.80 -5598.60 3511.30 -13679.20 USD Million [+]
Foreign Direct Investment 8399.61 5866.15 16274.70 -181.50 USD Million [+]
Remittances 193.00 214.00 386.00 70.80 USD Million [+]
Gold Reserves 67.40 67.30 119.01 31.99 Tonnes [+]
Crude Oil Production 2769.00 2567.00 2769.00 330.00 BBL/D/1K [+]
Terrorism Index 1.39 1.57 2.69 0.00 [+]
Weapons Sales 45.00 111.00 269.00 1.00 USD Million [+]
Tourist Arrivals 6589.00 6547.00 6589.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4990.00 3670.00 7661.35 -4066.52 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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