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Brazil’s 2025 Exports to U.S. Fall 6.6% as Tariffs Bite, Trade Gap Widens

Brasília moves to negotiate with Washington after partial relief left a sizable share of sales under IEEPA plus Section 232 tariffs.

Overview

  • Brazil sold US$37.7 billion to the U.S. in 2025, down 6.6% from 2024, while Brazilian purchases of U.S. goods rose 11.3% to US$45.2 billion, yielding a US$7.5 billion deficit.
  • Goods facing the highest U.S. surtaxes fell 9.5% for the year, with a sharper 21.6% drop from August to December when the steep 40%–50% rates were in full effect.
  • Amcham estimates 35.9% of Brazil’s U.S.-bound exports were subject to IEEPA measures and 11.9% to Section 232, underscoring continued exposure despite narrower lists.
  • MDIC reports that after a November adjustment about 22% of sales to the U.S. remained under the 40%–50% surtaxes, and December exports to the U.S. still fell 7.2% year over year.
  • The decline also reflected a roughly 18.9% drop in crude oil shipments, while industrial losses hit steel, aluminum, wood, pulp and equipment, partially offset by gains in aircraft, juices and beef.