Imports to Brazil went up 15.4 percent from a year earlier to USD 16.39 billion in January 2019, mainly driven by higher purchases of capital (156.2 percent) and intermediate goods (3.6 percent). On the other hand, imports dropped for fuels and lubricants (-12.5 percent) and consumption goods (-3.5 percent).
Among major trading partners, shipments rose from China (81 percent), Argentina (4.9 percent) and Japan (8.2 percent) while declined from the US (-5.2 percent), ASEAN (-8.8 percent) and the EU (-5.1 percent). Imports in Brazil averaged 4556.71 USD Million from 1959 until 2019, reaching an all time high of 23061.08 USD Million in October of 2013 and a record low of 67 USD Million in March of 1965.
Imports in Brazil is expected to be 17000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Brazil to stand at 18000.00 in 12 months time. In the long-term, the Brazil Imports is projected to trend around 22000.00 USD Million in 2020, according to our econometric models.