No Rosy Outlook for Brazil’s Foreign Trade in 2019

Brazilian exports are still focused on commodities and not on manufactured goods, with a higher added value. The forecast is to export around US$ 79 billion in manufactured goods, less than in 2007.

RIO DE JANEIRO, BRAZIL - The Foreign Trade Association of Brazil (AEB) reported on Wednesday, July 17th, its revised estimates for the Brazilian trade balance in 2019, updating those made last December.

The surplus, which had been forecast at US$32.7 billion (R$128 billion), rose to US$52.2 billion in the new projection, which is still 10.9 percent below the 2018 figure (US$58.6 billion).

Projections for exports rose from US$209.1 billion to US$223.7 billion, a drop of 6.7 percent compared to the US$239.8 billion previously estimated. Concerning imports . . .

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