Exports from Brazil fell 12.5 percent year-on-year to USD 18.85 billion in July 2019, 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). Exports in Brazil averaged 5119.90 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 20000.00 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 23100.00 in 12 months time. In the long-term, the Brazil Exports is projected to trend around 26000.00 USD Million in 2020, according to our econometric models.