Brazil Balance of Trade

Last Release

Nov 30, 2024

Actual

7,030.36

Units In

USD Million

4,194.58

Frequency

Monthly

Next Release

Jan 06, 2025

Time to Release

30 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
11,346.72 May 2023	-4,496.45 Jan 2014	1,164.73 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 plummeted by 20% to $7.03 billion in November 2024, missing expectations of a $7.8 billion surplus, as imports rose at a faster pace than exports. Exports edged up by just 0.5% year-on-year to $28.02 billion, driven by a 10.9% rise in manufactured exports to $15.73 billion, and a 1.6% increase in extractive industry shipments, totaling $7.59 billion. However, agricultural exports plummeted 25.2% to $4.51 billion. Meanwhile, imports rose 9.9% to $20.99 billion, led by a 10.4% increase in manufacturing purchases to $19.24 billion and a 19.3% rise in agricultural imports to $0.42 billion.