Brésil Balance Commerciale

Brazil recorded a trade surplus of $7.24 billion in May 2025, down from the April surplus of $7.64 billion and fell short of market expectations of $8.4 billion. Exports fell 0.1% yoy to $30.16 billion, with Agriculture down 0.6%, Extractive Industry down 6.6%, and Manufacturing up 3.4%. Meanwhile, imports increased 4.7% to $22.92 billion, driven by Manufacturing (9.5%), despite Agriculture (-0.6%) and Extractive Industry (-45.9%) contracting. Among the largest trade partners, exports to Argentina jumped 67.4% while imports rose 3.9%, resulting in a $0.54 billion surplus. Exports to China, Hong Kong and Macau fell 0.5% as imports rose 18.8%, generating a $4.14 billion surplus. Sales to the US grew 11.5% even as imports fell 5.0%, resulting in a $0.02 billion deficit. Considering the first five months of the year, exports declined 0.9% while imports jumped 9.2%, leading to a trade surplus of $24.43 billion.