Brazil Trade Deficit at 10-Month High


Brazilian trade gap widened to USD 2.35 billion in November of 2014 as exports dipped to the lowest value since February of 2013. It is the third consecutive monthly deficit and the worst in 20 years for the month of November .

Exports shrank 25 percent year-on-year to USD 15.6 billion and imports fell 5.9 percent to USD 17.99 billion. A year earlier, the country posted a USD 1.74 billion surplus. 

Year-to-date, the country recorded a USD 4.22 billion deficit. Exports shrank 5.7 percent over the same period in 2013, due to lowe commodities’ prices such as iron ore (-21 percent), corn (-21.3 percent) and soybean (-4.4 percent) and lower demand from Argentina (-27 percent).  Imports contracted 3.9 percent. 

Brazil Trade Deficit at 10-Month High


Joana Taborda | joana.taborda@tradingeconomics.com
12/2/2014 12:00:41 PM