Brazil’s Trade Balance Posts US$ 6.4 Billion Surplus in March

Brazil’s trade balance recorded a surplus of US$ 6.405 billion in March, according to data released on Tuesday (7) by the Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry, Trade and Services (MDIC). The result was driven by exports totaling US$ 31.603 billion and imports of US$ 25.199 billion.

The March figure came in below the median market estimate of a US$ 7.55 billion surplus, according to the Projeções Broadcast survey, following a positive balance of US$ 4.208 billion in February.

Market estimates for the period ranged from US$5.9 billion to US$8.5 billion.

In March, exports rose 10% compared to the same month in 2025, with a 1.1% increase in Agriculture, totaling US$ 8.256 billion; a 36.4% surge in Extractive Industries, reaching US$ 7.359 billion; and a 5.4% rise in Manufacturing, totaling US$ 15.822 billion.

Imports increased 20.1% in March year-on-year, with a 10.2% decline in Agriculture, totaling US$ 517 million; a 24.1% rise in Extractive Industries, reaching US$ 1.171 billion; and a 20.8% expansion in Manufacturing, totaling US$ 23.347 billion.

Year-to-Date

According to Secex, Brazil’s trade balance posted a surplus of US$ 14.175 billion in the year through March. This result was achieved with exports of US$ 82.338 billion and imports of US$ 68.163 billion, representing a 47.6% increase compared to the same period in 2025.

In the cumulative total for 2026, compared to the same period in 2025, exports grew 7.1%, with a 2.4% increase in Agriculture (US$ 17.205 billion), a 22.6% rise in Extractive Industries (US$ 20.816 billion), and a 2.8% gain in Manufacturing (US$ 43.864 billion).

Imports rose 1.3% from January to March 2026 compared to the same period in 2025, with a 19.9% drop in Agriculture (US$ 1.379 billion), a 7.4% decline in Extractive Industries (US$ 2.772 billion), and a 2.3% increase in Manufacturing (US$ 63.540 billion).

Source: Jornal de Brasília

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