Exports from Brazil slumped 6.2 percent from a year earlier to USD 18.16 billion in December, dragged down by lower shipments of manufactured goods (-13.6 percent), mostly fuels (-14.6 percent); aluminum oxides/hydroxides (-20.6 percent); motor engines and parts (-6.9 percent) and auto parts (-22.7 percent). Also, sales decreased for semi-manufactured products (-21.2 percent), namely cellulose (-43.1 percent); raw sugar (-10.2 percent) and iron & steel (-27.1 percent). In contrast, those of primary goods rose (3.3 percent), in particular crude oil (48.2 percent); beef (55.5 percent); corn (20.2 percent) and chicken meat (11.7 percent). However, significant declines were observed in exports of iron ore (-18.8 percent) and soybeans (-20 percent). Among major trading partners, overseas sales went down to ASEAN countries (-22.2 percent) and the EU (-30.4 percent), but increased to China (4.1 percent), the US (5.3 percent) and Argentina (0.6 percent). Exports in Brazil averaged 5206.39 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. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior
Exports in Brazil is expected to be 23500.00 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 25000.00 in 12 months time. In the long-term, the Brazil Exports is projected to trend around 26000.00 USD Million in 2020, according to our econometric models.