A projection released this Tuesday (20) by the Brazilian Foreign Trade Association (AEB) indicated the country could have a more increased trade surplus next year, despite expected drops in imports and exports. AEB projects a positive trade balance of USD 71.9 billion for Brazil in 2023, 14.3% higher than USD 62.9 billion in 2022. The number would result from exports of USD 325.1 billion and imports of USD 253.2 billion. Exports should slip less than imports, however, thus increasing the Brazilian trade balance surplus. AEB estimates a 2.3% drop in shipments from Brazil and a more significant reduction, 6.2%, in Brazilian purchases from abroad. Trade flow, the sum of imports and exports, is expected to reach USD 578.391 billion in 2023, dipping 4% to 2022 calculations.
Sources: ANBA/Datamar News