Trade Balance in Brazil
Brazil - Trade Balance
Momentum appeared to wane in the final quarter of last year after growth accelerated in the third quarter. Economic activity fell in December, while industrial output also declined in the same month. Moreover, retail sales in Q4 were disappointing, boding ill for private consumption in the quarter. Looking at the first quarter of 2020, survey data revealed confidence was mixed at the outset of the year: In January, consumers were more downbeat, although businesses were more optimistic. Meanwhile, merchandise exports plunged to an over four-year low in January on a sharp contraction in manufactured goods. The recent coronavirus outbreak could have a pronounced effect on external demand in Q1, particularly as commodity markets have been hard hit and China is a major trading partner for Brazil. Nevertheless, domestic demand is likely keeping growth afloat, thanks in part to a low interest-rate environment.Brazil - Trade Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -4.0 | 19.7 | 47.7 | 67.1 | 58.0 |
Brazil Trade Balance Chart
Source: Central Bank of Brazil.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.79 | -0.82 % | Dec 31 |
| Exchange Rate | 4.02 | -0.13 % | Jan 01 |
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Economic News
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Brazil: Real plunges to new record low in February
February 17, 2020
The Brazilian real continued its downward spiral in early February, hitting an all-time low of BRL 4.36 per USD on 12 February, marking an over 6.0% depreciation over the prior month.
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Brazil: Economic activity declines at quickest pace in 10 months in December
February 14, 2020
Economic activity fell 0.3% in seasonally-adjusted month-on-month terms in December, following November’s revised 0.1% decrease (previously reported: +0.2% month-on-month) and missing expectations of a softer 0.2% drop.
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Brazil: Retail sales fall in December
February 12, 2020
Retail sales, excluding cars and construction, fell 0.1% over the prior month on a seasonally-adjusted basis in December, contrasting November’s revised 0.7% increase (previously reported: +0.6% month-on-month).
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Brazil: Real plunges to new record low in February
February 10, 2020
On 7 February, the Brazilian real fell to a fresh record low against the U.S. dollar, ending the day at 4.32 per USD, which marked a 6.2 depreciation over the same day in January.
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Brazil: Inflation eases in January
February 10, 2020
Consumer prices increased 0.21% month-on-month in January, following December’s sharp 1.15% increase.
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