Brazil's trade surplus shrank to USD 4.9 billion in May of 2022 from USD 8.5 billion in the corresponding month of the previous year but above market expectations of USD 4.6 billion. Imports surged 33.5% to a record high of USD 24.70 billion, led by purchases of mining products (74.8%), manufactured products (32%) and agricultural goods (14.5%). Among major trading partners, imports rose mostly from the US (68.5%), followed by China (14.5%), Argentina (44%) and the EU (17.2%). Meanwhile, exports rose at a softer 8% to a fresh high of USD 29.65 billion, with increases in sales of both manufactured products (19.4%) and agricultural goods (0.2%) being partly offset by a slump in those of mining products (-4.5%). Shipments grew mainly to the EU (47.7%), followed by the US (7.9%) and Argentina (27.5%), but declined to China (-11.9%). source: Ministério do Desenvolvimento, Indústria e Comércio Exterior

Balance of Trade in Brazil averaged 934.28 USD Million from 1959 until 2022, reaching an all time high of 10414.29 USD Million in June of 2021 and a record low of -4496.46 USD Million in January of 2014. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Brazil is expected to be 2854.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Balance of Trade is projected to trend around 3673.00 USD Million in 2023 and 3722.00 USD Million in 2024, according to our econometric models.

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Brazil Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-05 06:00 PM Apr $8.148B $7.348B $9.726B $2.5B
2022-06-13 06:00 PM May $4.9B $8.15B $4.566B $4.4B
2022-07-01 06:00 PM Jun $4.9B $9.994B $ 2.9B


Related Last Previous Unit Reference
Balance of Trade 4940.45 8097.05 USD Million May 2022
Imports 24707.21 20748.02 USD Million May 2022
Exports 29647.66 28845.07 USD Million May 2022

Brazil Balance of Trade
In the last few years, Brazil has been reporting trade surpluses, primarily due to high export of mining and agricultural products. The biggest trade surpluses were reported with China, the Netherlands, Argentina, Chile, Iran and Spain while the largest trade deficits were recorded with Germany, South Korea, Russia, Switzerland Algeria and France.
Actual Previous Highest Lowest Dates Unit Frequency
4940.45 8097.05 10414.29 -4496.46 1959 - 2022 USD Million Monthly

News Stream
Brazil Trade Surplus Narrows Less than Expected
Brazil's trade surplus shrank to USD 4.9 billion in May of 2022 from USD 8.5 billion in the corresponding month of the previous year but above market expectations of USD 4.6 billion. Imports surged 33.5% to a record high of USD 24.70 billion, led by purchases of mining products (74.8%), manufactured products (32%) and agricultural goods (14.5%). Among major trading partners, imports rose mostly from the US (68.5%), followed by China (14.5%), Argentina (44%) and the EU (17.2%). Meanwhile, exports rose at a softer 8% to a fresh high of USD 29.65 billion, with increases in sales of both manufactured products (19.4%) and agricultural goods (0.2%) being partly offset by a slump in those of mining products (-4.5%). Shipments grew mainly to the EU (47.7%), followed by the US (7.9%) and Argentina (27.5%), but declined to China (-11.9%).
2022-06-13
Brazil Trade Surplus Below Forecasts
Brazil's trade surplus narrowed to USD 8.1 billion in April of 2022 from USD 9.9 billion in the corresponding month of the previous year, and below market expectations of USD 9.7 billion. Considering the first four months of the year, the country’s trade surplus widened to $19.9 billion from $18 billion in the same period in 2021.
2022-05-05
Brazil Trade Surplus Widens in March
Brazil's trade surplus widened to USD 7.4 billion in March of 2022 from USD 6.5 billion in the same month last year, but below the market forecasts of USD 9 billion. Exports rose 25 percent on year to USD 29.1 billion amid higher sales of agricultural products (+36.8 percent) and manufactured products (+35.2 percent). Among trading partners shipments advanced from China, Hong Kong, Macau and USA. Meanwhile, imports surged 27.1 percent on year to a smaller value of USD 21.7 billion, led by purchases of manufactured (+25.2 percent) and mining products (+94.9 percent). Imports went up mainly to China, Hong Kong and Macau, the US and the EU.
2022-04-01