Brazil recorded a trade surplus of $14.176 billion (€13.05 billion) in the first quarter of 2026, a 47.6% increase compared to the same period in 2025, the government reported.
China, Brazil’s main trading partner, was the primary driver of export growth, with shipments rising 21.7% to $23.89 billion (€21.98 billion). Exports to the European Union increased 9.7% (€11.25 billion), while sales to the United States fell 18.7% (€7.16 billion).
The strong growth was driven by a 7.1% rise in exports to $82.338 billion (€75.76 billion), while imports increased only 1.3% to $76.878 billion (€70.73 billion), according to the Ministry of Industry and Commerce.
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Exports of mining and energy products grew 22.6% to $20.82 billion (€19.15 billion), primarily due to petroleum, which rose 31% in value and 50.2% in volume. Agricultural exports increased 2.4% to $17.21 billion (€15.83 billion), boosted by soybean sales, which rose 11.4% in value to $9.637 billion (€8.87 billion).
Brazil closed 2025 with a trade surplus of about €62.83 billion, down 7.9% from 2024, despite setting record export levels of approximately €320.78 billion amid the trade tensions triggered by the United States.
