Overview
- Exports to Brazil fell 13.5% year over year to $1.238 billion in October, while imports rose 5.7% to $1.639 billion, according to Abeceb.
- Total bilateral trade reached $2.878 billion, a 3.5% annual decline and the first year-on-year drop since August 2024.
- The automotive sector accounted for 69% of the export decline, with sales to Brazil down $133 million as production shifts and certification delays curbed shipments.
- Over January–October, the deficit totaled $5.098 billion versus $175 million a year earlier, marking the second-largest shortfall since 1999.
- Imports from Brazil climbed 40.3% in the first ten months, the fastest growth in 15 years, and Abeceb projects a full-year gap near $6 billion.