Brazil Balance of Trade  1959-2016 | Data | Chart | Calendar | Forecast

The trade surplus in Brazil rose to USD 4.76 billion in November of 2016, much higher than a USD 1.2 billion surplus a year earlier. It is the wider surplus for a November month on record and better than market expectations of a USD 3 billion. Exports recorded the biggest gain in six years while imports continued to contract. The country has been reporting trade surpluses since March last year, as a weaker real weighed down on imports but failed to boost exports. Balance of Trade in Brazil averaged 714.59 USD Million from 1959 until 2016, reaching an all time high of 6436.65 USD Million in May of 2016 and a record low of -4058.14 USD Million in January of 2014.

Brazil Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-03 06:00 PM Sep $3.8B $4.14B $3.9B $4.5B
2016-11-01 05:00 PM Oct $2.3B $3.8B $2.65B $4.9B
2016-12-01 05:00 PM Nov $4.76B $2.3B $3B $2.6B
2017-01-04 05:00 PM Dec $4.76B $ 3.6B
2017-02-01 05:00 PM Jan $ 3.8B
2017-03-01 06:00 PM Feb $ 4.2B




Brazil Trade Surplus Widens 297% YoY


The trade surplus in Brazil rose to USD 4.76 billion in November of 2016, much higher than a USD 1.2 billion surplus a year earlier. It is the wider surplus for a November month on record and better than market expectations of a USD 3 billion. Exports recorded the biggest gain in six years while imports continued to contract. The country has been reporting trade surpluses since March last year, as a weaker real weighed down on imports but failed to boost exports.

Exports rose 17.5 percent year-on-year to USD 16.22 billion, the first anual rise in three months and the biggest gain since November of 2011. A weaker real has failed to boost sales due to lower international prices for the country's main export commodities, including soybeans, iron, oil, sugar and coffee. Yet, shipments remain around 38 percent lower than a record high reached in August of 2011. Commodities account for nearly 50 percent of total sales.
 
Imports slumped 9.1 percent year-on-year to USD 11.46 billion. Purchases have been falling systematically since 2014 due to a slump in the real and lower internal demand amid a severe recession. Imports fell in all months since March 2014 except in August this year (+0.4 percent year-on-year) and in September of 2014 (+9 percent year-on-year), remaining around 50 percent lower than a record high reached in October of 2013.

Considering the first eleven months of the year, exports declined 3.3 percent over a year earlier to USD 169.3 billion. Sales declined mainly for coffee (-15.9 percent); oil (-14.3 percent); soybean meal (-11.7 percent); corn (-11.1 percent); iron (-10.4 percent) and copper (-8.4 percent) but increased for platforms for oil extraction (222.7 percent); passenger cars (38.2 percent); refined sugar (22.7 percent) and airplanes (14.7 percent). Imports fell at a faster 22 percent to USD 126 billion, due to declines in purchases of fuels and lubricants (-44.9 percent); capital goods (-22 percent), consumption goods (-21.8 percent) and intermediate goods (-17.2 percent). As a result, the trade surplus increased to USD 43282 billion compared to a USD 13445 billion surplus a year earlier. 

Joana Taborda | joana.taborda@tradingeconomics.com
12/2/2016 11:49:15 AM



Brazil Trade Last Previous Highest Lowest Unit
Balance of Trade 4757.00 2346.00 6436.65 -4058.14 USD Million [+]
Exports 16220.00 13721.00 26158.51 75.06 USD Million [+]
Imports 11463.00 11375.00 23050.46 67.00 USD Million [+]
Current Account -3339.00 -465.10 3007.00 -13165.00 USD Million [+]
Current Account to GDP -3.32 -4.31 1.80 -8.20 percent [+]
External Debt 335067.25 331418.28 351101.97 64259.50 USD Million [+]
Terms of Trade 108.21 107.62 132.67 64.72 Index Points [+]
Capital Flows -3182.10 -113.90 15837.80 -16639.20 USD Million [+]
Foreign Direct Investment 8400.00 5233.10 20427.00 -24.10 USD Million [+]
Remittances 169.20 210.30 386.00 70.80 USD Million [+]
Gold Reserves 67.20 67.20 119.01 31.99 Tonnes [+]
Crude Oil Production 2264.00 2335.00 2547.00 330.00 BBL/D/1K [+]
Terrorism Index 1.74 2.21 2.69 0.00 [+]
Tourist Arrivals 5813.00 5677.00 5813.00 1991.00 Thousand [+]
Weapons Sales 41.00 44.00 269.00 1.00 USD Million [+]



Brazil Balance of Trade Notes

From 2001 to 2012, Brazil ran regular trade surpluses, primarily due to high export of mining and agricultural products, swinging to deficit between 2013-14. In 2015, the country posted a $19.7 billion surplus hitting its highest value since 2011, as the weaker real boosted exports and the lower domestic demand affected imports. In 2015, the biggest trade surpluses were recorded with the Netherlands, China, Argentina, Venezuela and United Arab Emirates; and the biggest trade deficits with Germany, Nigeria, the United States, South Korea 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
4757.00 2346.00 6436.65 -4058.14 1959 - 2016 USD Million Monthly



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