Brazil's Trade Surplus Beats Forecasts

2026-06-03 18:41 By Isabela Couto 1 min. read

Brazil’s trade surplus widened to $7.82 billion in May 2026, up 10.8% from a year earlier and above market expectations of $7.65 billion.

Exports rose 6.6% year-on-year to $31.90 billion, driven by stronger shipments from agriculture (9.8%) and manufacturing (9.0%), which more than offset a 1.9% decline in extractive industries.

Higher exports of corn, soybeans, cotton, beef, fuel oils, and gold supported the increase, while shipments of coffee, iron ore, crude oil, sugar, and cellulose fell.

Imports increased 5.3% to $24.08 billion, mainly due to a 6.3% rise in manufacturing purchases, led by fuel oils, semiconductors, and passenger vehicles.

Trade with China remained strong, with exports rising 9.5% and imports surging 24.2%, while exports to the EU increased 8.8%.

In contrast, exports to the US fell 14.0% and shipments to Argentina dropped 21.7%.

In January-May, exports rose 8.7% and imports increased 3.2% from a year earlier.



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Brazil's Trade Surplus Beats Forecasts
Brazil’s trade surplus widened to $7.82 billion in May 2026, up 10.8% from a year earlier and above market expectations of $7.65 billion. Exports rose 6.6% year-on-year to $31.90 billion, driven by stronger shipments from agriculture (9.8%) and manufacturing (9.0%), which more than offset a 1.9% decline in extractive industries. Higher exports of corn, soybeans, cotton, beef, fuel oils, and gold supported the increase, while shipments of coffee, iron ore, crude oil, sugar, and cellulose fell. Imports increased 5.3% to $24.08 billion, mainly due to a 6.3% rise in manufacturing purchases, led by fuel oils, semiconductors, and passenger vehicles. Trade with China remained strong, with exports rising 9.5% and imports surging 24.2%, while exports to the EU increased 8.8%. In contrast, exports to the US fell 14.0% and shipments to Argentina dropped 21.7%. In January-May, exports rose 8.7% and imports increased 3.2% from a year earlier.
2026-06-03
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%.
2026-05-07
Brazil Trade Surplus Narrows as Imports Surge
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%.
2026-04-07