Exports from Brazil fell 6.4 percent from a year earlier to USD 16.29 billion in February of 2019. 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. Exports in Brazil averaged 5035.07 USD Million from 1954 until 2019, reaching an all time high of 26158.51 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 24000.00 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 24000.00 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.