Brazil’s trade surplus jumped 39.4% year-on-year to $9.32 billion in October 2026, beating market expectations of $9 billion and marking a six-month high. Exports advanced 20% to $37.81 billion. Agricultural shipments increased 12.8%, driven by surging exports of live animals (212.1%), rye, oats and other unmilled cereals (12,208.8%), and soybeans (8.9%).
Exports from the extractive sector climbed 53.5%, supported by sharp gains in nickel ores (103.1%), precious-metal ores (900.6%), and crude petroleum oils (122.6%). Manufacturing exports rose 7.7%, underpinned by higher sales of soybean meal and other animal feed (39.1%), pulp (25.8%), and fuel oils (164.5%).
On the import side, total purchases grew 14.8% to $28.49 billion. Agricultural imports increased 10.1%, extractive-industry imports surged 51.4%, and manufacturing imports expanded 13.1%.
