Brazil's trade surplus narrowed to USD 5.02 billion in June 2019 from USD 5.88 billion in the same month of the previous year and below market consensus of a USD 5.4 billion surplus. Exports fell 10.3 percent year-on-year and imports dropped at a softer 9.1 percent. Balance of Trade in Brazil averaged 899.98 USD Million from 1959 until 2019, reaching an all time high of 7660.98 USD Million in May of 2017 and a record low of -4068.90 USD Million in January of 2014.

Balance of Trade in Brazil is expected to be 4900.00 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 4500.00 in 12 months time. In the long-term, the Brazil Balance of Trade is projected to trend around 3000.00 USD Million in 2020, according to our econometric models.

Brazil Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 06:00 PM Balance of Trade $4.99B $3.67B $5.548B $7.0B
2019-05-02 06:00 PM Balance of Trade $6.06B $5.04B $6.7B $5.8B
2019-06-03 06:00 PM Balance of Trade $6.42B $6.07B $6.7B $5.7B
2019-07-01 06:00 PM Balance of Trade $5.02B $6.29B $5.4B $ 5.9B
2019-08-01 06:00 PM Balance of Trade
2019-09-02 06:00 PM Balance of Trade
2019-10-01 06:00 PM Balance of Trade $ 4.9B



Brazil Trade Gap Narrows in June

Brazil's trade surplus narrowed to USD 5.02 billion in June 2019 from USD 5.88 billion in the same month of the previous year and below market consensus of a USD 5.4 billion surplus. Exports fell 10.3 percent year-on-year and imports dropped at a softer 9.1 percent.

Exports declined 10.3 percent from a year earlier to USD 18.05 billion in June 2019, mainly due to lower sales of manufactured goods (-16 percent), in particular airplanes (-58.7 percent), autoparts (-32.4 percent), iron & steel products (-31 percent), motorvehicles & parts (-27.6 percent), cargo vehicles (-21.4 percent) and light vehicles (-18.4 percent) 
Additionally, sales of semi-manufactured good dropped 15.7 percent, of which iron & steel (-35.5 percent); hides & skins (-35.1 percent); and raw zinc (-24.2 percent). On the other hand, exports of basic products rose 0.1 percent, driven by grain (947 percent), beef (89 percent) and iron ore (24.6 percent). 

Among major trading partners, exports fell to the US (-12.2 percent), the EU (-17.8 percent), China (-4.1 percent) and Argentina (-44 percent), but increased to ASEAN countries (34.3 percent).

Imports went down 9.1 percent to USD 13.03 billion, mostly due to lower purchases of consumption (-20.5 percent); intermediate (-9.8 percent); and capital goods (-0.2 percent). Meanwhile, purchases of fuels & lubricants advanced 2.4 percent. 

Among major trading partners, imports dropped from China (-3.7 percent), the US (-5.7 percent), ASEAN countries (-4.9 percent), Argentina (-19.7 percent) and the EU (-18.5 percent). 

Considering the first six months of 2019, the country recorded a USD 27.13 billion trade surplus. 


MDIC | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/1/2019 6:40:53 PM


News

Brazil Trade Surplus Widens in May
Brazil's trade surplus widened to USD 6.42 billion in May 2019 from a USD 6.07 billion in the same month of the previous year but below market expectations of a USD 6.7 billion surplus. It was the largest monthly surplus so far this year. Imports rose 12.9 percent year-on-year and exports advanced 10.7 percent.
Published on 2019-06-03

Brazil Trade Surplus Widens Slightly in April
Brazil's trade surplus rose to USD 6.06 billion in April 2019 from a downwardly revised USD 5.92 billion in the corresponding month of the previous year but missing market expectations of a USD 6.70 billion surplus. It is the second largest trade surplus ever recorded for an April month and the biggest monthly surplus so far this year, as imports fell faster than exports.
Published on 2019-05-03

Brazil Trade Surplus Narrows in March
Brazil’s trade surplus narrowed to USD 4.99 billion in March 2019 from USD 6.28 billion in the same month a year earlier and missing market expectations of a USD 5.548 billion. Imports rose 5.1 percent year-on-year while exports fell 1.0 percent. Imports tend to be volatile during Carnival season.
Published on 2019-04-01

Brazil Trade Surplus Hits Record High for February
The trade surplus in Brazil widened to USD 3.67 billion in February of 2019 from USD 2.99 billion a year earlier. Figures beat market expectations of USD 3 billion as imports fell faster than exports. Imports in February tend to be volatile due to Carnival. Carnival in 2019 will follow in March while in 2018 if fell in February. Yet, it is the highest trade surplus for a February month since the series began.
Published on 2019-03-01



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 5020.00 6285.00 7660.98 -4068.90 USD Million [+]
Current Account 662.00 -62.00 3104.70 -13345.00 USD Million [+]
Current Account to GDP -0.77 -0.35 1.80 -8.20 percent [+]
Imports 13027.00 14972.00 23049.60 67.00 USD Million [+]
Exports 18047.00 21257.00 26148.24 75.06 USD Million [+]
External Debt 680070.50 663800.83 714260.45 64259.50 USD Million [+]
Terms of Trade 108.18 108.29 132.65 64.67 Index Points [+]
Capital Flows 1222.70 535.50 3366.30 -13679.20 USD Million [+]
Foreign Direct Investment 7070.10 6957.43 16274.70 -181.50 USD Million [+]
Remittances 251.40 227.50 386.00 70.80 USD Million [+]
Gold Reserves 67.40 67.40 119.01 31.99 Tonnes [+]
Crude Oil Production 2560.00 2489.00 2730.00 330.00 BBL/D/1K [+]
Terrorism Index 1.39 1.57 2.69 0.00 [+]
Weapons Sales 111.00 47.00 267.00 1.00 USD Million [+]
Tourist Arrivals 6621.00 6589.00 6621.00 1991.00 Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Brazil Balance of Trade

From 2001 to 2012 and 2015 to 2017 Brazil has reported trade surpluses, primarily due to high export of mining and agricultural products. In 2018, the biggest trade surpluses were reported with China, Netherlands, Argentina, Chile, Iran and Spain while the largest trade deficits were recorded with Germany, South Korea, Russia, Switzerland Algeria and France. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5020.00 6285.00 7660.98 -4068.90 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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