Exports from Brazil dropped 0.1 percent from a year ago to USD 19.69 billion in April 2019. Still, overseas sales rose for primary goods (2.1%), mostly crude oil (43.5%); chicken meat (36.1%); beef (48.1%); coffee beans (11.6%); cotton (145.2%) and pork (51.4%). Conversely, they declined for soybeans (-12.6%); iron ore (-27.5%) and soybean meal (-13.4%). Meantime, exports went up for manufactured products (0.8%), with higher sales of aircraft (1.7%); fuels (46.5%) and machinery & equipment for agricultural use (208.3%) being partly offset by declines in those of passenger vehicles (-26.4%); engines (-9%) and auto parts (-20.5%). Shipments of semi-manufactured products grew 7.1 percent, on higher shipments of cellulose (25.2%) and raw sugar (25.8%). Among major trading partners, exports fell to the EU (-2.9%) and Argentina (-45.9%), but rose to China (3.4%), the US (22.9%) and ASEAN countries (41%). Exports in Brazil averaged 5066.85 USD Million from 1954 until 2019, reaching an all time high of 26148.24 USD Million in August of 2011 and a record low of 75.06 USD Million in January of 1965.
Exports in Brazil is expected to be 23900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Brazil to stand at 23500.00 in 12 months time. In the long-term, the Brazil Exports is projected to trend around 25000.00 USD Million in 2020, according to our econometric models.