Exports from Brazil 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). Exports in Brazil averaged 5087.64 USD Million from 1954 until 2019, reaching an all time high of 26148.24 USD Million in August of 2011 and a record low of 75.06 USD Million in January of 1965.
Exports in Brazil is expected to be 23000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Brazil to stand at 23800.00 in 12 months time. In the long-term, the Brazil Exports is projected to trend around 25000.00 USD Million in 2020, according to our econometric models.