Overview

• Secex reported September exports of US$30.5 billion and imports of US$27.5 billion, yielding a US$3.0 billion surplus that was 41.1% lower than a year earlier.
• Exports to the United States fell 20.3% to US$2.576 billion as reported tariff measures took effect, while sales to China rose 14.7% to US$8.691 billion.
• Agriculture exports grew 18% in September, extractive shipments rose 9.2% and manufacturing increased 2.5%, as manufactured imports climbed 21.5%.
• President Luiz Inácio Lula da Silva held a videoconference with President Donald Trump and requested removal of the new surtax on Brazilian goods, according to the reports.
• For January–September, exports totaled US$257.79 billion and imports US$212.31 billion for a US$45.5 billion surplus, as MDIC raised its 2025 surplus forecast to US$60.9 billion and cited a US$2.4 billion oil platform import that boosted September purchases.