Brazil fell from 26th to 27th among the world’s largest exporters in 2018, according to the World Trade Organization’s (WTO) annual report released this week. However, there was a 10% increase in sales compared to 2017. Last year, exports reached US $ 239.5 billion, an increase of 9.6%. Imports grew 19.7% to a total of US $ 181.2 billion. The balance of the trade balance in 2018 was US $ 58.3 billion. The 26th place was taken over by Vietnam. First place in the ranking is China, followed by the United States and Germany. The last place is from Indonesia, in 30th place.
According to preliminary WTO data, world trade grew by 3% in 2018, below the forecast in September by the organization (3.9%). The lower-than-expected result is mainly explained by worsening world trade in the fourth quarter. By 2019, the forecast is 2.6% growth in world trade, in line with the forecast of growth of the Gross Domestic Product (GDP), sum of all goods and services produced in the country, of 2.6%. By 2020, world trade is expected to reach 3% growth, with GDP forecast at 2.6%.
Source: Canal Rural