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.