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.