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. Balance of Trade in Brazil averaged 861.84 USD Million from 1959 until 2018, 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 5100.00 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 4900.00 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
2018-09-03 06:00 PM Balance of Trade $3.78B $4.23B $4B $ 3.2B
2018-10-01 06:00 PM Balance of Trade $4.97B $3.78B $5.9B $ 3.5B
2018-11-01 06:00 PM Balance of Trade $6.12B $4.97B $6.849B $ 5.3B
2018-12-03 05:10 PM Balance of Trade $4.06B $5.91B $4.3B $ 3.5B
2019-01-02 05:00 PM Balance of Trade $4.06B $ 5.1B
2019-02-01 05:00 PM Balance of Trade
2019-03-01 06:00 PM Balance of Trade



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.

Exports surged 25.4 percent year-on-year to USD 20.9 billion in November 2018, primarily due to sales of soybeans (145.8 percent), crude oil (103.6 percent), iron ore (22.4 percent), corn (32.5 percent), beef (6.0 percent), coffee beans (16.5 percent), cotton (36.6 percent) and soybean meal (22.2 percent). Meanwhile, shipments decreased for chicken meat (-5.1 percent). Exports of manufactured products surged 25 percent, boosted by fuel oils (793.5 percent), gasoline (3761 percent) and engine parts & turbines for aircrafts (142.3 percent). Among major trading partners, sales advanced 31 percent to China; 20.1 percent to the EU; and 6.9 percent to the US. 

Imports advanced 28.3 percent year-on-year to USD 16.9 billion, mainly driven by higher purchases of intermediate goods (15.7 percent), capital goods (170.2 percent) and fuels and lubricants (12.6 percent). Conversely, those of consumption goods declined (-7.1 percent). Imports came mainly from China (purchases up 8.6 percent), the EU (3.0 percent), the US (29.2 percent) and Argentina (12.0 percent).


MDIC | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/3/2018 6:20:42 PM


Recent Releases

Brazil Trade Surplus Rises in October
The trade surplus in Brazil increased to USD 6.12 billion in October of 2018 from USD 5.2 billion in the same month of the previous year. It compares with market expectations of USD 6.849 billion. Sales surged to China, boosted by crude oil and soybeans. Imports rose mainly due to purchases of crude oil.
Published on 2018-11-01

Brazil Trade Surplus Smaller than Expected
Brazil trade surplus narrowed to USD 4.97 billion in September of 2018 from USD 5.18 billion in the same month a year earlier and below market expectations of a USD 5.9 billion surplus. Imports increased 4.7 percent mostly due to fuels & lubricants, while exports went up at a slower 3 percent on the back of a surge in crude oil sales.
Published on 2018-10-02

Brazil Trade Surplus Smallest in 6 Months
Brazil trade surplus narrowed to USD 3.78 billion in August of 2018 from USD 5.60 billion in the same month a year earlier and below market expectations of a USD 4.0 billion surplus. It was the smallest trade surplus since February, as imports recorded its highest value since October of 2014 and exports widened.
Published on 2018-09-03

Brazil Trade Surplus Falls in July
The trade surplus in Brazil narrowed to USD 4.23 billion in July of 2018 from USD 6.29 billion a a year earlier, lower than market expectations of a USD 5.71 billion surplus. Imports reached the highest value since November of 2014, mainly due to purchase of a platform for oil extraction from China. Exports were the highest since July of 2014, mainly boosted by sales of soybeans, oil and iron ore to China.
Published on 2018-08-01



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 4062.09 5906.00 7661.35 -4066.52 USD Million [+]
Exports 20922.45 22010.61 26158.51 75.06 USD Million [+]
Imports 16860.36 16104.61 23061.08 67.00 USD Million [+]
Current Account 329.00 290.00 3250.00 -13345.00 USD Million [+]
Current Account to GDP -0.48 -1.30 1.80 -8.20 percent [+]
External Debt 652274.64 648996.48 714260.45 64259.50 USD Million [+]
Terms of Trade 110.67 106.56 132.67 64.72 Index Points [+]
Capital Flows 453.30 906.80 3511.30 -13679.20 USD Million [+]
Foreign Direct Investment 10382.40 8896.20 16274.70 -181.50 USD Million [+]
Remittances 207.00 244.00 386.00 70.80 USD Million [+]
Gold Reserves 67.30 67.30 119.01 31.99 Tonnes [+]
Crude Oil Production 2522.00 2575.00 2730.00 330.00 BBL/D/1K [+]
Terrorism Index 1.57 1.74 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 2017, the biggest trade surpluses were reported with China, Argentina, Netherlands, Iran, UAE, Egypt, Hong Kong, Singapore and United States and the biggest trade deficits with Germany, South Korea, France, Switzerland, Algeria and Australia. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4062.09 5906.00 7661.35 -4066.52 1959 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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