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 2013 to 2022.
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 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 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 info@focus-economics.com.