In June 2025, Brazil experienced a trade surplus of $5.89 billion, a decrease from the $7.02 billion surplus recorded in May and below the anticipated $6.45 billion by the market. Exports saw a modest year-on-year increase of 1.4%, reaching $29.14 billion. This was largely driven by a significant 10.9% rise in manufacturing exports, while sectors like agriculture and mining experienced declines of 10.0% and 6.2%, respectively. On the imports front, there was a 3.8% uptick, totaling $23.25 billion. This increase was primarily attributed to manufacturing, which rose by 5.5%, though declines were noted in agriculture (down 2.8%) and mining (down 20.9%).
Focusing on major trading partners, exports to Argentina soared by 70.8%, and imports increased by 8.9%, yet this trade resulted in a deficit of $0.52 billion. Trade with China saw exports increase by 2.5% and imports by 5.2%, culminating in a $3.69 billion deficit. Transactions with the United States revealed a 2.4% rise in exports coupled with an 18.5% surge in imports, leading to a $0.59 billion deficit. Over the first half of the year, Brazil's exports slightly declined by 0.7%, while imports grew by 8.3%, yielding a trade surplus of $30.1 billion.
