Brazil recorded a trade surplus of $5.89 billion in June 2025, down from May’s surplus of $7.02 billion and below market expectations of $6.45 billion. Exports rose 1.4% year-on-year to $29.14 billion, with manufacturing rising 10.9%, while agriculture fell 10.0% and mining and quarrying fell 6.2%.
Imports rose 3.8% to $23.25 billion, driven by Manufacturing, up 5.5%, although Agriculture, down 2.8%, and Mining, down 20.9%, declined. Among the largest trading partners, exports to Argentina rose 70.8%, while imports rose 8.9%, but still resulted in a deficit of $0.52 billion. Exports to China rose by 2.5%, while imports increased by 5.2%, generating a deficit of $3.69 billion. Sales to the US grew by 2.4%, accompanied by an 18.5% increase in purchases, resulting in a deficit of $0.59 billion. Looking at the first six months of the year, exports fell 0.7%, while imports rose 8.3%, leading to a trade surplus of $30.1 billion.
