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
Brazil Merchandise Exports Data
|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 records larger deficit in September
Brazil’s current account recorded a USD 1.4 billion deficit in September, deteriorating from the USD 0.7 billion deficit recorded in August (September 2022: USD 6.9 billion deficit). Meanwhile, in the 12 months leading up to September, the current account posted a USD 39.8 billion deficit, compared to the USD 45.4 billion deficit booked in August. The merchandise trade balance deteriorated from the previous month, recording a USD 8.9 billion surplus in September (August 2023: USD 9.6 billion surplus). Merchandise exports decreased 0.5% annually in September (August: +0.9% year-on-year). Meanwhile, merchandise imports plummeted 21.6% over the same month last year in September (August: -19.5% yoy), marking the weakest result since October 2020.
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.
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