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. Balance of Trade in Brazil averaged 886.01 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 5900.00 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
2019-02-01 05:15 PM Balance of Trade $2.19B $6.64B $3.4B $4.0B
2019-03-01 06:00 PM Balance of Trade $3.67B $2.19B $3B $2.19B
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 $6.06B
2019-07-01 06:00 PM Balance of Trade $5.9B
2019-08-01 06:00 PM Balance of Trade



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.

Imports declined 1.2 percent from a year ago to USD 13.63 billion in April 2019, mainly dragged down by lower purchases of intermediate goods (-0.2 percent); consumption goods (-6.6 percent) and capital goods (-10 percent). In contrast, imports of fuels and lubricants surged 10 percent. 

Among major trading partners, imports shrank from the EU (-18.5 percent), Argentina (-6.7 percent), while they increased from China (10.7 percent), the US (3.1 percent) and ASEAN countries (8 percent).

Exports dropped 0.1 percent to USD 19.69 billion in April 2019. Still, overseas sales rose for primary goods (2.1 percent), mostly crude oil (43.5 percent); chicken meat (36.1 percent); beef (48.1 percent); coffee beans (11.6 percent); cotton (145.2 percent) and pork (51.4 percent). Conversely, they declined for soybeans (-12.6 percent); iron ore (-27.5 percent) and soybean meal (-13.4 percent). Meantime, exports went up for manufactured products (0.8 percent), with higher sales of aircraft (1.7 percent); fuels (46.5 percent) and machinery & equipment for agricultural use (208.3 percent) being partly offset by declines in those of passenger vehicles (-26.4 percent); engines (-9 percent) and auto parts (-20.5 percent). Shipments of semi-manufactured products grew 7.1 percent, on higher shipments of cellulose (25.2 percent) and raw sugar (25.8 percent). 

Among major trading partners, exports fell to the EU (-2.9 percent) and Argentina (-45.9 percent), but rose to China (3.4 percent), the US (22.9 percent) and ASEAN countries (41 percent).

Considering the first four months of 2019, the trade surplus narrowed to USD 16.58 billion from USD 18.17 billion in the same period of 2018.



MDIC | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/3/2019 10:35:10 AM



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 6060.00 5039.64 7660.98 -4068.90 USD Million [+]
Current Account -494.20 -1138.00 3104.70 -13345.00 USD Million [+]
Current Account to GDP -0.77 -0.35 1.80 -8.20 percent [+]
Imports 13628.22 13129.69 23049.60 67.00 USD Million [+]
Exports 19688.79 18169.33 26148.24 75.06 USD Million [+]
External Debt 663800.83 657912.13 714260.45 64259.50 USD Million [+]
Terms of Trade 107.30 104.00 132.67 64.72 Index Points [+]
Capital Flows 155.90 -633.40 3366.30 -13679.20 USD Million [+]
Foreign Direct Investment 6846.00 8400.00 16274.70 -181.50 USD Million [+]
Remittances 286.00 193.00 386.00 70.80 USD Million [+]
Gold Reserves 67.40 67.30 119.01 31.99 Tonnes [+]
Crude Oil Production 2631.00 2769.00 2769.00 330.00 BBL/D/1K [+]
Terrorism Index 1.39 1.57 2.69 0.00 [+]
Weapons Sales 45.00 111.00 269.00 1.00 USD Million [+]
Tourist Arrivals 6589.00 6547.00 6589.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6060.00 5039.64 7660.98 -4068.90 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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