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. Balance of Trade in Brazil averaged 875.65 USD Million from 1959 until 2019, reaching an all time high of 7661.35 USD Million in May of 2017 and a record low of -4066.52 USD Million in January of 2014.

Balance of Trade in Brazil is expected to be 7000.00 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 2020, according to our econometric models.

Brazil Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-03 05:10 PM Balance of Trade $4.06B $5.91B $4.3B $ 3.5B
2019-01-02 04:15 PM Balance of Trade $6.64B $4.06B $ 5.1B
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 $3.67B
2019-05-01 06:00 PM Balance of Trade
2019-05-31 06:00 PM Balance of Trade



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.

Exports fell 6.4 percent from a year earlier to USD 16.29 billion. Sales went down for semimanufactured products (-12.5 percent), namely soy oil, cast iron and leathers; and manufactured (-24.8 percent), namely platforms for oil extraction, cargo vehicles and autos. In contrast, sales rose for basic products (22.4 percent), namely soybeans, cotton, corn, iron ore and coffee. Shipments slumped 37.6 percent to the EU, but increased 30.1 percent to China and 16.4 percent to the US. 

Imports declined 12.4 percent to USD 12.62 billion, mainly due to purchases of consumption goods (-1.5 percent), capital goods (-57.7 percent) and fuels and lubricants (-27 percent). In contrast, sales of intermediate goods rose 7.8 percent. Imports fell from the US (-2.7 percent) and the EU (-6.2 percent) but rose from China (6.4 percent).


Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2019 7:36:05 PM


News

Brazil Posts Smallest Trade Surplus in 3 Years
Brazil's trade surplus narrowed to USD 2.19 billion in January 2019 from USD 2.82 billion in the same month of the previous year and below market expectations of USD 3.4 billion. It was the smallest trade surplus since January of 2016, as imports jumped 15.4 percent year-on-year to USD 16.39 billion and exports rose at a softer 9.1 percent to USD 18.58 billion.
Published on 2019-02-01

Brazil Posts Largest Trade Surplus in 18 Months
Brazil's trade surplus widened sharply to USD 6.64 billion in December 2018 from USD 5.00 billion in the same period of the previous year. It was the largest trade surplus since June 2017.
Published on 2019-01-02

Brazil Trade Surplus Widens in November
Brazil trade surplus increased to USD 4.06 billion in November 2018 from USD 3.54 billion in the same month of the previous year, slightly below market expectations of a USD 4.3 billion surplus. Exports grew 25.4 percent mostly due to shipments of soybeans and crude oil. Meantime, imports advanced 28.3 percent boosted by purchases of intermediate goods and capital goods.
Published on 2018-12-03

Brazil Trade Surplus Rises in October
The trade surplus in Brazil increased to USD 6.12 billion in October of 2018 from USD 5.2 billion in the same month of the previous year. It compares with market expectations of USD 6.849 billion. Sales surged to China, boosted by crude oil and soybeans. Imports rose mainly due to purchases of crude oil.
Published on 2018-11-01



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 3670.00 2190.00 7661.35 -4066.52 USD Million [+]
Current Account -6548.40 -815.20 3104.70 -13345.00 USD Million [+]
Current Account to GDP -0.48 -1.30 1.80 -8.20 percent [+]
Imports 12620.00 16386.53 23061.08 67.00 USD Million [+]
Exports 16293.00 18578.92 26158.51 75.06 USD Million [+]
External Debt 663800.83 657912.13 714260.45 64259.50 USD Million [+]
Terms of Trade 103.68 103.30 132.67 64.72 Index Points [+]
Capital Flows -5598.60 -1344.90 3511.30 -13679.20 USD Million [+]
Foreign Direct Investment 5866.15 8950.30 16274.70 -181.50 USD Million [+]
Remittances 201.90 226.20 386.00 70.80 USD Million [+]
Gold Reserves 67.40 67.30 119.01 31.99 Tonnes [+]
Crude Oil Production 2567.00 2614.00 2730.00 330.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3670.00 2190.00 7661.35 -4066.52 1959 - 2019 USD Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -3247399.00 Dec/18
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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