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Brazil Merchandise Exports

Brazil Merchandise Exports

Merchandise Exports in Brazil

Merchandise exports from Brazil were worth USD 334 billion in 2022, compared to USD 233 billion ten years earlier, and averaged USD 231 billion over the last decade. For more exports information, visit our dedicated page.

Brazil Merchandise Exports Chart

Note: This chart displays Exports (USD billion) for Brazil from 2014 to 2023.
Source: MDIC Brazil.

Brazil Merchandise Exports Data

2018 2019 2020 2021 2022
Merchandise Exports (USD bn) 232 221 209 281 334
Merchandise Exports (ann. var. %) 7.9 -4.6 -5.4 34.2 19.0

Current account deficit widens in December

The current account posted a USD 5.8 billion deficit in December, deteriorating from the USD 1.9 billion deficit clocked in November (December 2022: USD 7.5 billion deficit). Meanwhile, the 12-month trailing current account deficit deteriorated, coming in at USD 28.6 billion in December (November: USD 30.3 billion deficit). The merchandise trade balance improved from the previous month, recording a USD 9.4 billion surplus in December (November 2023: USD 8.8 billion surplus). Merchandise exports increased 9.5% over the same month last year in December, on the heels of November’s 0.8% rise. Meanwhile, merchandise imports dived 10.7% in annual terms in December (November: -10.9% yoy).

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Brazilian merchandise exports projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Brazilian merchandise exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Brazilian merchandise exports projections.

Want to get access to the full dataset of Brazilian merchandise exports forecasts? Send an email to info@focus-economics.com.

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