Brazil's trade balance shifted to a USD 0.04 billion deficit in December of 2020 from a USD 5.95 billion surplus in the same month of the previous year and compared with market expectations of a USD 0.20 billion surplus. Exports dropped 0.7 percent over a year earlier to USD 18.37 billion, while imports jumped 47 percent to USD 18.41 billion. For 2020, Brazil recorded a trade surplus of USD 53 billion, up 6% from the previous year's USD 48 billion surplus. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Balance of Trade in Brazil averaged 972.18 USD Million from 1959 until 2020, reaching an all time high of 7955.12 USD Million in July of 2020 and a record low of -4068.90 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 January of 2021.
Balance of Trade in Brazil is expected to be 3000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Brazil to stand at 3000.00 in 12 months time. In the long-term, the Brazil Balance of Trade is projected to trend around 3000.00 USD Million in 2022 and 3800.00 USD Million in 2023, according to our econometric models.