Brazil Trade Surplus Jumps on Sharp Import Drop
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Brazil's trade surplus surged to USD 4.34 billion in January 2026, an 85.8% increase year-on-year, primarily due to a significant 9.8% drop in imports, totaling USD 20.8 billion. Notable declines included a 30.2% fall in extractive industry imports and a 28.7% decrease in agricultural imports. Exports slightly decreased by 1% to USD 25.1 billion, with a 3.4% drop in extractive sales, although agricultural shipments rose by 2.1%. Sales to Argentina, the US, and the EU fell, while exports to China increased by 17.4%.
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