Trade Balance in Brazil

Brazil Trade Balance | Economic News & Forecasts

Brazil - Trade Balance

Economic data has taken a turn for the worse following a nationwide truckers’ strike in May and early June that crippled economic activity. Industrial production recorded the largest contraction in almost 11 years in May, and the manufacturing PMI plunged into contractionary territory in June. In addition, both business and consumer sentiment dropped in June, weighed on by the industrial action. All-in-all the strike and related spillover effects are expected to have dented GDP growth in the second quarter, following a slowdown in activity in the first quarter of the year. On the political front, October’s elections are coming into focus, and the lack of a strong centrist and reform-minded contender is casting a shadow on the country’s future and reverberating through financial markets. The Ibovespa index recorded its largest quarterly drop since 2015 in Q2, weighed down by political uncertainty as well as tightening global financial conditions. Early polls place far-right candidate Jair Bolsonero in the lead but show that former President Lula da Silva would be on top if he can contend.

Brazil - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)2.3  -4.0  19.7  47.7  67.1  

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Brazil Trade Balance Chart


Brazil Trade
Note: Trade balance in USD billion.
Source: Central Bank of Brazil.

Brazil Facts

ValueChangeDate
Bond Yield11.35-0.82 %Jul 13
Exchange Rate3.85-0.13 %Jul 13
Stock Market76,594-0.11 %Jul 13

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