Brazil Trade Balance Posts $9.3 Billion Surplus

Brazil's trade balance reached a surplus of $9.318 billion in October. The performance exceeded market expectations and marked the largest balance for the month since the historical series began in 1989.

Exports totaled $37.807 billion, an expansion of 20% compared to the same period in 2025. The extractive sector led the growth with a 53.5% increase, benefiting from strong demand for crude oil. Agriculture and the manufacturing industry also recorded growth in foreign sales.

The export volume rose 7.3% while the average price of products sold abroad increased 10.8%. Exports to the United States grew 87% in the month. Conversely, sales to China fell 5.3% due to the end of meat quotas.

Imports totaled $28.490 billion, a growth of 14.8%. The rise was mainly driven by the entry of fuels into the country. From January to October, the Brazilian trade surplus reached $71.040 billion.

The Ministry of Development, Industry, Trade and Services revised the 2026 surplus projection to $84.4 billion. Total trade reached an unprecedented level in October, reflecting the dynamics of global exchanges.