October Surge Pushes Brazilian Exports to the U.S. Into Positive Territory for 2026, Amcham Says

Brazilian exports to the U.S. recorded year-to-date growth for the first time in 2026 after October delivered the strongest performance for that month in ten years. The figures come from Amcham Brasil’s Brazil–U.S. Trade Monitor, which draws on official trade statistics. Between January and October, exports to the United States totaled $31.7 billion, up 0.2% from the same period last year.

The result was driven by October’s performance, when exports to the U.S. market surged 87% from the same month in 2025, reaching $4.3 billion. That was the highest value recorded for October in the past decade. However, the comparison benefited from a low base, as U.S. additional tariffs had reached as high as 50% in October last year.

Despite the improvement, Amcham cautioned that the recovery remains uneven, with exports of products subject to the highest additional tariffs, at 25% or 37.5%, still down 23.7% for the year.

“The first year-to-date increase in exports to the United States in 2026 is an encouraging sign, but some sectors remain heavily affected by tariffs. With elections now concluded in both countries, there is an opportunity to renew dialogue and seek better conditions for bilateral trade,” said Abrão Neto, president of Amcham Brasil.

Oil and Fuels Drive Growth in Brazilian Exports to the U.S.

October’s performance was driven by crude oil exports, which surged 593.6% year over year, as well as fuel oil shipments, which more than tripled, rising 226.7%. Together, the two categories generated $1.7 billion, equivalent to 39.2% of Brazil’s total exports to the United States that month.

The table below shows the volumes of Brazil’s 10 leading exports to the United States in the first nine months of the year, compared with the same period a year earlier. The data were obtained and processed by Datamar and are available on the DataLiner platform.

Top Exports to the United States | Jan-Sep 2026 vs. Jan-Sep 2025 | WTMT

Source: DataLiner – explore our trade data

Amcham noted that additional tariffs continue to constrain the recovery. Between January and October, exports of products exempt from additional duties increased 5.3%, while shipments of goods subject to some form of tariff surcharge declined 5.7%.

The contraction was more pronounced among Brazilian exports to the U.S. subject to the highest additional tariffs, currently 25% or 37.5%. Exports in this category fell 23.7% during the first ten months of the year, totaling $4.5 billion through October. Shipments in the same category increased just 3.6% in October.

Source: Correio do Povo

Sharing is caring!