Brazil Trade Surplus Widens in April

Brazil posted a $10.5 billion trade surplus in April 2026, up 37.5% from a year earlier, as exports rose 14.3% to $34.15 billion while imports increased 6.2% to $23.61 billion. Agricultural exports climbed 16.1% to $9.23 billion, extractive industry shipments rose 17.9% to $8.28 billion, and manufacturing exports advanced 11.6% to $16.44 billion. Exports to China surged 32.5% to $11.61 billion, while sales to Argentina fell 18.5% and exports to the US declined 11.3%. On the import side, manufacturing purchases rose 7.4% to $21.93 billion, while agricultural imports dropped 25.8%. Imports from China increased 20.7% to $6.05 billion and purchases from Argentina rose 21.2%, while imports from the US fell 18.1%.

Brazil posted a $6.40 billion trade surplus in March 2026, down 17.2% from a year earlier. Imports rose 20.1% to $25.20 billion. Extractive industry imports rose 24.1%, driven by base metal ores up 33.7%, coal up 59.9%, and crude oil up 19.4%. Manufacturing imports increased 20.8%, with medicines up 72.2%, chemical fertilizers up 61.0%, and passenger vehicles up 204.2%. Agriculture imports fell 10.2%, though live fish purchases surged 28.9%, fresh fruits and nuts rose 26.6%, and soybeans jumped 782.0%. Exports grew 10.0% to $31.60 billion, with agriculture up 1.1%, extractive industry up 36.4%, and manufacturing up 5.4%. Exports to Argentina fell 5.9% and to the US fell 9.1%, while sales to the European Union rose 7.3% and to China rose 17.8%.

Brazil posted a USD 4.21 billion trade surplus in February 2026, rebounding from a USD 0.467 billion deficit a year earlier but slightly missing forecasts of USD 4.23 billion. Exports rose 15.6% year-on-year to USD 26.31 billion, driven by strong growth in mining (55.5%) and agriculture (6.1%), led by iron ore, copper ores, crude oil, corn, soybeans, and beef. Imports fell 4.8% to USD 22.10 billion, with sharp declines in agriculture (-20%) and manufacturing (-4%), particularly in wheat, corn, and machinery, partially offset by increases in live animals, soybeans, and passenger vehicles. Exports to China surged 38.7% and to the EU 34.7%, while sales to Argentina dropped 26.5% and to the US fell 20.3%.