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
Brazil Trade Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Merchandise Trade Balance (USD bn) | 35.2 | 50.4 | 61.4 | 61.5 | 98.9 |
Current account deficit widens in June
The current account recorded a USD 4.0 billion deficit in June, deteriorating from the USD 2.3 billion shortfall booked in May (June 2023: USD 0.2 billion deficit). Meanwhile, in the 12 months leading up to June, the current account posted a USD 31.5 billion deficit, compared to the USD 27.6 billion one clocked in May. The merchandise trade balance worsened from the previous month, posting a USD 6.7 billion surplus in June (May 2024: USD 8.4 billion surplus). Merchandise exports fell 1.9% year on year in June (May: -7.4% year on year). Conversely, merchandise imports jumped 14.4% on an annual basis in June (May: +0.7% yoy).
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 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 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.
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