Brazil Balance of Trade
Sep 30, 2023
Nov 01, 2023
Time to Release
29 Days 0 Hours
|1,057.77 USD Million||1959-2023||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.
Brazil recorded a trade surplus of $8.9 billion in August of 2023, widening by 138.89% from the $3.7 billion in the corresponding month of the prior year and below estimates of $9.19 billion. Exports grew by 4.4% from September of 2022 to $28.43 billion, led by agriculture growth of 22.2% to $6.54 billion, followed by sales from extractive industries (14.9% to $7.35 billion). Meanwhile shipments from the manufacturing industry decreased (-6.1% to $14.34 billion). In the same time, imports plunged by 17.6% to $19.53 billion as purchases from extractive industries (-39.5% to $1.06 billion), manufacturing industries (-15.9% to $17.91 billion), agropecuary goods (-16% to $0.39 billion) dropped sharply.
Brazil Balance of Trade History
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