Brazil: Macroeconomic Profile

Article Index

Foreign Trade

Brazilian trade has been surging in recent years. Trade flows reached US$76.6 billion in 1994 and peaked further to US$96.2 billion in 1995, including imports of US$49.7 billion and exports of US$46.5 billion. In 1995 the trade deficit stood at US$3.2 billion, representing the first negative result since 1980. These statistics are clear evidence of the intensification of commercial relations abroad and the opening-up of the domestic market to imports.

Brazil's trade balance has evolved in the following manner:

Structure of Brazilian Imports (in per cent)

Product categories

1970

1993

Foodstuffs

11

10

Fuels

12

16

Other primary products

8

7

Machinery and transport eqpt.

35

33

Other manufactured goods

34

34

Total

100

100