Imports to Brazil increased 2.5 percent from a year earlier to USD 12.92 billion in December 2018, mainly driven by purchases of fuels and lubricants (32.9 percent), capital goods (5.6 percent) and intermediate goods (0.8 percent). Conversely, imports of consumer goods slumped 18.3 percent. Among major trading partners, imports increased from the US (27 percent) and Argentina (29.3 percent), but fell from China (-3.6 percent), ASEAN countries (-17.1 percent) and the EU (-16 percent). Imports in Brazil averaged 4540.28 USD Million from 1959 until 2018, reaching an all time high of 23061.08 USD Million in October of 2013 and a record low of 67 USD Million in March of 1965.
Imports in Brazil is expected to be 15000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Brazil to stand at 18100.00 in 12 months time. In the long-term, the Brazil Imports is projected to trend around 22000.00 USD Million in 2020, according to our econometric models.