Brazil's trade surplus increased by 111.8% to $5.45 billion in February 2024, compared to the same month the previous year. Still, it was the lowest surplus since February 2023 and short of the expected $5.79 billion. Exports grew by 16.3% year-on-year to $23.54 billion, notably supported by a 11.5% surge in agricultural exports totaling $4.86 billion, alongside a 63.9% rise in extractive industry sales amounting to $5.76 billion, and a 5% increase in the manufacturing industry totaling $12.81 billion. Similarly, imports experienced a 2.4% increase, amounting to $18.09 billion, largely attributed to a rise in purchases from agricultural products increased by 5.8% to $0.41 billion, and manufacturing industries saw a 3.9% rise to $16.48 billion, while purchases from extractive industries decreased by 10.1% to $1.15 billion. source: Ministério do Desenvolvimento, Indústria e Comércio Exterior

Brazil recorded a trade surplus of 5447.27 USD Million in February of 2024. Balance of Trade in Brazil averaged 1098.88 USD Million from 1959 until 2024, reaching an all time high of 11034.16 USD Million in May of 2023 and a record low of -4496.46 USD Million in January of 2014. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Brazil recorded a trade surplus of 5447.27 USD Million in February of 2024. Balance of Trade in Brazil is expected to be 7718.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Balance of Trade is projected to trend around 7587.00 USD Million in 2025 and 8587.00 USD Million in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-07 06:00 PM
Balance of Trade
Jan $6.527B $9.36B $7.35B $9.5B
2024-03-06 06:00 PM
Balance of Trade
Feb $5.447B $6.527B $5.79B $6.0B
2024-04-04 06:00 PM
Balance of Trade
Mar $5.447B $ 7.7B


Related Last Previous Unit Reference
Balance of Trade 5447.27 6494.70 USD Million Feb 2024
Capital Flows -4725.60 -6078.40 USD Million Jan 2024
Crude Oil Production 3678.00 3543.00 BBL/D/1K Nov 2023
Current Account -5068.10 -5870.40 USD Million Jan 2024
Current Account to GDP -2.92 -2.81 percent of GDP Dec 2022
Exports 23537.98 26968.38 USD Million Feb 2024
Exports by Category
Exports by Country
External Debt 735224.66 732642.64 USD Million Mar 2024
External Debt to GDP 2.90 3.20 percent of GDP Dec 2021
Foreign Direct Investment 8741.30 -389.28 USD Million Jan 2024
Gold Reserves 129.65 129.65 Tonnes Dec 2023
Imports 18090.71 20473.68 USD Million Feb 2024
Imports by Category
Imports by Country
Remittances 343.71 326.96 USD Million Jan 2024
Terms of Trade 115.53 114.51 points Jan 2024
Terrorism Index 1.99 0.60 Points Dec 2023
Tourist Arrivals 3630.00 746.00 Thousand Dec 2022
Weapons Sales 121.00 92.00 SIPRI TIV Million Dec 2022

Brazil Balance of Trade
In the last few years, Brazil has been reporting trade surpluses, primarily due to high exports in the manufacturing industry (54 percent of total exports), mining (23 percent) and agricultural products (22 percent). Brazil's main imports are in the manufacturing industry (89 percent of total imports) with fuels and fertilizers comprising 18 percent of total imports. The biggest trade partners are: China (27 percent of total exports and 22 percent of total imports), the United States (11 percent of exports and 19 percent of imports), Argentina (5 percent of exports and 5 percent of imports). Others include: the Netherlands, Canada, Japan, Germany and Spain.
Actual Previous Highest Lowest Dates Unit Frequency
5447.27 6494.70 11034.16 -4496.46 1959 - 2024 USD Million Monthly

News Stream
Brazil Trade Surplus Misses Expectations
Brazil's trade surplus increased by 111.8% to $5.45 billion in February 2024, compared to the same month the previous year. Still, it was the lowest surplus since February 2023 and short of the expected $5.79 billion. Exports grew by 16.3% year-on-year to $23.54 billion, notably supported by a 11.5% surge in agricultural exports totaling $4.86 billion, alongside a 63.9% rise in extractive industry sales amounting to $5.76 billion, and a 5% increase in the manufacturing industry totaling $12.81 billion. Similarly, imports experienced a 2.4% increase, amounting to $18.09 billion, largely attributed to a rise in purchases from agricultural products increased by 5.8% to $0.41 billion, and manufacturing industries saw a 3.9% rise to $16.48 billion, while purchases from extractive industries decreased by 10.1% to $1.15 billion.
2024-03-06
Brazil Trade Surplus Rises Less Than Expected
Brazil's trade surplus increased by 185.6% to $6.53 billion in January 2024, compared to the same month the previous year. Still, it was the lowest surplus since February 2023 and short of the expected $7.35 billion. Exports grew by 18.5 year-on-year to $27.02 billion, notably supported by a 21% surge in agricultural exports totaling $4.29 billion, alongside a 53.3% rise in extractive industry sales amounting to $8.16 billion, and a 4.6% increase in the manufacturing industry totaling $14.45 billion. On the other hand, imports experienced a marginal 0.1% decrease, amounting to $20.49 billion, largely attributed to substantial drops in purchases from extractive industries, down 27.6% to $1.19 billion, while purchases from agricultural products increased by 1.5% to $0.51 billion, and manufacturing industries saw a 2.4% rise to $18.66 billion.
2024-02-07
Brazil Trade Surplus Surpasses Expectations
Brazil recorded a trade surplus of $9.36 billion in December 2023, marking a 106.5% increase compared to the same month the previous year, well above the expected $7.8 billion. Exports grew by 9.5% year-on-year to $28.84 billion, notably propelled by a 13.7% surge in agricultural exports totaling $5.2 billion, alongside an 8.9% rise in extractive industry sales amounting to $7.62 billion, and an 8.6% increase in the manufacturing industry totaling $15.87 billion. On the other hand, imports experienced a 10.7% decrease, amounting to $19.48 billion, largely driven by substantial declines in purchases from agricultural products (-21.7% to $0.38 billion), extractive industries (-54.1% to $0.9 billion), and manufacturing industries (-6% to $18.05 billion).
2024-01-05