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Brazil Exports Hit Record High Amid Tariffs
7 Jan
Summary
- Brazilian exports reached a record $348.7 billion in 2025.
- China remained Brazil's largest trading partner despite US tariffs.
- Projected 2026 exports range from $340 billion to $380 billion.
Brazil's exports achieved record highs in 2025, reaching $348.7 billion, a 3.5% increase from the previous year. This remarkable performance occurred despite substantial US tariffs on key products like beef and coffee. President Lula da Silva's administration focused on diversifying trade partnerships, notably expanding shipments to China, which remained the largest purchaser.
China's avoidance of US soybeans and increased purchases from Brazil significantly bolstered these export figures. While shipments to the US decreased, Brazil's overall trade saw a surge, with oil maintaining its position as the top export commodity. Projections for 2026 anticipate exports between $340 billion and $380 billion, with a trade surplus of $70 billion to $90 billion.
Looking ahead, Brazil faces new challenges, including China's recent quotas on foreign beef purchases. However, ongoing negotiations with the US and efforts to finalize the EU-Mercosur trade deal, now supported by Italy, signal continued commitment to global trade expansion.
