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Brazil Merchandise Imports

Brazil Merchandise Imports

Merchandise Imports in Brazil

Merchandise imports in Brazil were worth USD 273 billion in 2022, compared to USD 242 billion ten years earlier, and averaged USD 197 billion over the last decade. For more imports information, visit our dedicated page.

Brazil Merchandise Imports Chart

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

Brazil Merchandise Imports Data

2018 2019 2020 2021 2022
Merchandise Imports (USD bn) 185 186 159 219 273
Merchandise Imports (ann. var. %) 16.6 0.3 -14.6 38.2 24.2

Current account records larger deficit in March

The current account recorded a USD 4.6 billion deficit in March, deteriorating from the USD 4.5 billion deficit clocked in February (March 2023: USD 0.7 billion surplus). Meanwhile, the 12-month trailing current account deficit widened, coming in at USD 32.6 billion in March (February: USD 27.3 billion deficit). The merchandise trade balance improved from the previous month, recording a USD 7.5 billion surplus in March (February 2024: USD 5.3 billion surplus). Merchandise exports sank 14.8% on an annual basis in March, contrasting February’s 16.1% jump. Meanwhile, merchandise imports fell 7.1% over the same month last year in March (February: +2.9% 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 imports projections for the next ten years from a panel of 10 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 imports forecast available for Brazilian merchandise imports.

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

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

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