Exports from Brazil surged 11.1 percent from a year earlier to USD 19.56 billion in December 2018, primarily due to sales of primary goods (34.6 percent) such as iron ore (19.8 percent), crude oil (46.4 percent), soybeans (79.3 percent), corn (13.9 percent), soybean meal (157.9 percent), coffee beans (31.7 percent), chicken meat (12 percent) and beef (3.5 percent). In addition, exports of semi-manufactured products rose 1.3 percent boosted by higher sales of cellulose (38 percent), while exports of raw sugar fell 27.8 percent. By contrast, exports of manufactured products declined 2.4 percent mainly due to a drop in vehicle sales (-62.4 percent). Among major trading partners, exports rose to China (46.5 percent), ASEAN countries (43.3 percent), the EU (18.2 percent) and the US (6.2 percent), but fell to Argentina (-55.2 percent). Exports in Brazil averaged 5003.08 USD Million from 1954 until 2018, reaching an all time high of 26158.51 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 19500.00 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 23000.00 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.