Brazil registers record exports despite Trump's tariff hikes.
In the period from January to October, the trade balance totaled US$ 52,394 billion.
Reuters - Brazil's trade balance recorded a surplus of US$6,964 billion in October, a 70,2% increase over the balance recorded in the same month last year, the Ministry of Development, Industry, Trade and Services (MDIC) reported on Thursday.
The balance came in above the expectations of economists consulted by Reuters, who predicted a surplus of US$ 6,2 billion for the month.
Exports totaled US$31,975 billion last month, a 9,1% increase compared to October 2024. This movement was explained by a 10,3% growth in the volume of products shipped abroad, despite a 0,9% drop in the average price of the items.
Last month, exports from the extractive industry advanced 22%, driven by oil and iron ore. Agriculture also stood out, with a 21% increase driven by soybeans and coffee, followed by the manufacturing industry, with a 0,7% rise.
Imports, on the other hand, fell 0,8% in the same period, totaling US$25,011 billion. In this case, there was a 2% decrease in the volume imported, while the average price rose 0,8%.
In the period from January to October, the trade balance was US$ 52,394 billion, a decrease of 16,6% compared to the same period in 2024. During this period, exports totaled US$ 289,731 billion (+1,9%), and imports, US$ 237,336 billion (+7,1%).
