Brazil Balance of Trade

Last Release

Mar 31, 2024

Actual

7,483

Units In

USD Million

5,447

Frequency

Monthly

Next Release

May 02, 2024

Time to Release

27 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
11,346.72 May 2023	-4,496.45 Jan 2014	1,108.73 USD Million	1959-2024	N/A

From 2001 to 2012 and 2015 to 2017 Brazil has reported trade surpluses, primarily due to high export of mining and agricultural products. In 2018, the biggest trade surpluses were reported with China, the Netherlands, Argentina, Chile, Iran and Spain while the largest trade deficits were recorded with Germany, South Korea, Russia, Switzerland Algeria and France.

Latest Updates

Brazil's trade surplus narrowed by 30.4% to $7.48 billion in March 2024 compared to the same period last year, although it remained the highest so far this year. Export figures fell by 14.8% year-on-year to $27.98 billion, notably driven by a 20.8% decline in agricultural exports to $7.14 billion, a 23.9% fall in extractive industry sales totaling $6.42 billion, and a 6.2% decrease in manufacturing industry exports amounting to $14.24 billion. Similarly, imports decreased by 7.1% to $20.5 billion, primarily due to a 7.8% drop in purchases from manufacturing industries to $18.48 billion, a 2.1% decline in extractive industry imports to $1.4 billion, while purchases from agriculture increased by 10.4% to $0.47 billion.