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Brazil Trade

Brazil Trade

Merchandise Trade Balance in Brazil

The merchandise trade balance in Brazil averaged USD 34.6 billion in the decade to 2022. The 2022 reading was USD 61.5 billion. For more trade information, visit our dedicated page.

Brazil Trade Chart

Note: This chart displays Trade Balance (USD billion) for Brazil from 2015 to 2014.
Source: MDIC Brazil.

Brazil Trade Data

2018 2019 2020 2021 2022
Merchandise Trade Balance (USD bn) 46.6 35.2 50.4 61.4 61.5

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 trade 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 trade forecast available for Brazilian trade.

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

Want to get access to the full dataset of Brazilian trade forecasts? Send an email to

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