Imports in Brazil

Brazil Imports | Economic News & Forecasts

Brazil - Imports

The recovery regained lost momentum in the third quarter, after growth slid in the second quarter due to disruptions from the May–June truckers’ strike. Soaring investment led the acceleration, while imports also boomed due to higher imports of oil platforms under a special customs program. Incoming data for the fourth quarter suggests that the gradual growth revival continues. In October, the three-month rolling unemployment rate dropped and the manufacturing PMI rose. Moreover, sentiment has been upbeat since Jair Bolsonaro was elected as president, due to his pro-market campaign promises and business confidence recorded the largest month-on-month gain on record in November. In recent weeks, Bolsonaro has revealed details of the new administration, with several University of Chicago alumni and military men taking key roles. Mansueto Almeida is set to remain treasury secretary and reform-oriented Paulo Guedes will be the economy minister, which should bode well for pro-market economic policy.

Brazil - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)211  229  171  138  151  

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Brazil Facts

Bond Yield11.03-0.82 %Nov 29
Exchange Rate3.85-0.13 %Nov 29
Stock Market89,711-0.11 %Nov 29

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