Brazil Balance of Trade

Last Release

Oct 31, 2024

Actual

4,340

Units In

USD Million

5,360

Frequency

Monthly

Next Release

Dec 05, 2024

Time to Release

27 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
11,346.72 May 2023	-4,496.45 Jan 2014	1,157.49 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 52.7% to $4.34 billion in October 2024, as imports soared while exports declined. Exports edged down by just 0.7% year-on-year to $29.46 billion, driven by a sharp 14.5% drop in extractive industry shipments, totaling $6.40 billion, and a 12.8% decrease in agricultural exports to $5.60 billion. However, manufactured exports rose by 10.9% to $17.26 billion. In contrast, imports surged 22.5% to $25.12 billion, led by a 25.5% increase in manufacturing purchases to $22.95 billion and a 32.6% rise in agricultural imports to $0.47 billion.