Turkey: Current account deficit narrows in May
The current account posted a USD 1.2 billion deficit in May, narrowing from the USD 5.4 billion deficit booked in...
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 2014 to 2023.
Source: Macrobond.
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 May
The current account posted a USD 3.4 billion deficit in May, widening from the USD 2.9 billion deficit recorded in April (May 2023: USD 1.1 billion surplus). Meanwhile, the 12-month trailing current account deficit also widened, coming in at USD 40.1 billion in May (April: USD 35.7 billion deficit). The merchandise trade balance deteriorated slightly from the previous month, recording a USD 8.5 billion surplus in May (April 2024: USD 8.7 billion surplus). Merchandise exports declined 7.1% on an annual basis in May (April: +12.9% year on year). Meanwhile, merchandise imports increased 0.5% in annual terms in May (April: +14.4% 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 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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