Brazil - Net Exports

Brazil: Net Exports

Unit Mil. BRL, NSA
Adjustments Not Seasonally Adjusted
Quarterly 145.69 %
Data 2021 Q4 -23,553
2021 Q3 51,552

Series Information

Source Brazilian Institute of Geography and Statistics (IBGE)
Release National Accounts
Frequency Quarterly
Start Date 3/31/1995
End Date 12/31/2021

Brazil: Trade

Reference Last Previous Units Frequency
Balance of Goods Feb 2022 3,507 -1,428 Mil. USD, NSA Monthly
Current Account Balance Feb 2022 -2,413 -8,064 Mil. USD, NSA Monthly
Exports of Goods Feb 2022 23,694 19,922 Mil. USD, NSA Monthly
Imports of Goods Feb 2022 20,186 21,350 Mil. USD, NSA Monthly
Exports of Goods and Services 2021 Q4 439,887 461,229 Mil. BRL, NSA Quarterly
Imports of Goods and Services 2021 Q4 463,440 409,677 Mil. BRL, NSA Quarterly
Net Exports 2021 Q4 -23,553 51,552 Mil. BRL, NSA Quarterly
Real Exports of Goods and Services 2021 Q4 307.44 315.05 Ch. Vol. Index 1995=100, SA Quarterly
Real Imports of Goods and Services 2021 Q4 250.16 248.83 Ch. Vol. Index 1995=100, SA Quarterly
Real Net Exports 2021 Q4 308 328.03 Ch. Vol. Index 1995=100, NSA Quarterly

Release Information

The Brazilian Institute of Geography and Statistics (IBGE)  reports quarterly GDP statistics. The data set includes industry level gross value added (production approach) at current prices and as chained volume indexes. Net taxes on products, GDP, consumer expenditure, government expenditure, gross fixed capital formation, changes in stock, imports, and exports are calculated using the expenditure approach. 


  • Framework: UN SNA 2008
  • Classification: CNAE Rev. 2
  • Properties:
    • Millions of Brazilian reais at chained year-1995 prices (Mil. Ch. 1995 BRL)
    • At current prices (Mil. BRL)
    • Chained volume indexes relative to 1995 (Ch. Vol. Index 1995=100)
  • Adjustments:
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1996Q1


  • SNA 93, CNAE Rev. 1, 1995 prices - 1991Q1 or 1995Q1 to 2014Q ("_S93")
  • 1990 prices - 1991Q1 to 2006Q4 ("90")
  • Prior to revision of 2007m3 - 1991Q1 to 2006Q3 ("_OLD")

Valuation is GDP at market prices ("PIB pm" or "produto interno bruto a preço de mercado"). Market prices are used to valuate flows and stocks in the Brazilian national accounts. Output is valued at basic prices, and intermediate consumption is valued at purchase prices excluding the deductible part of the value-added taxes. Total exports and imports are valued on a f.o.b. basis. Transactions in foreign currency are converted to the national currency using the mid-point between the selling and buying exchange rate, thus excluding the financial service from the value of exports.

Moody's Analytics supplements

For GDP(E) and GDP(O), we back-extend series to 1991Q1 or 1996Q3. Where necessary, we construct NSA supplements (additive identities) and seasonally adjusted counterparts.

No systematic revisions are made, but quarterly data are adjusted to annual data using a benchmarking procedure.

In March 2007, a revision of the national accounts introduced new data sources and established 2000 as a new reference year.

Further reading

At the source:

At IMF (SDDS Plus):