Brazil Reports Trade Deficit in 2014, First Since 2000


Brazil registered a USD 3.93 billion trade gap in 2014, the biggest annual deficit since 1998 as exports declined more than imports.

Compared with 2013, exports contracted by 7 percent to USD 225.1 billion, as prices of most commodities decreased. Prices of iron ore prices recorded the highest drop (-23.9 percent), followed by grain corn (-20 percent) and soybean oil (-14.1 percent). Sales to China contracted 11.8 percent and those to Argentina shrank 27.2 percent. In contrast, shipments to the United States rose 9 percent.

Imports decreased by 4.4 percent in 2014 to USD 229.03 billion.

In December, trade surplus narrowed 89 percent to USD 293 million compared to the same month a year earlier. Exports shrank 19.9 percent  to USD 17.49 billion while imports fell 9.8 percent to USD 17.20 billion, the lowest since February of 2013.

Brazil Reports Trade Deficit in 2014, First Since 2000


MDIC | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/6/2015 6:46:18 PM