New markets guarantee record foreign sales in September
Brazil’s exports to the US fell 20.3 percent in September compared to the same month last year. However, growth in sales to other markets ensured record foreign sales, the Ministry of Development, Industry, Trade, and Services reported Monday (Oct. 6).
Exports to Singapore rose 133.1 percent (USD 500 million) compared to September last year. Exports to India, in turn, surged 124.1 percent (USD 400 million). Also among the highlights were Bangladesh (+80.6 percent, or USD 100 million), the Philippines (+60.4 percent, or USD 100 million), and China (+14.9 percent, or USD 1.1 billion).
For South America, Brazilian sales grew 29.3 percent, driven by Argentina, a country to which exports grew 24.9 percent from September last year to September this year. In the same period, sales to the European Union increased two percent.
Thus, in September, Brazil exported USD 30.54 billion – a record amount for the month, with a 7.2 percent increase compared to September 2024. The trade surplus, however, shrank 41.1 percent to USD 2.99 billion after the purchase of a USD 2.4 billion oil platform from Singapore.
United States
In September, Brazil sold USD 2.58 billion to the US market, compared to USD 3.23 billion in the same range in 2024. Imports from the US, on the other hand, surged 14.3 percent – from USD 3.8 billion to USD 4.35 billion.
The increase in imports, combined with the decline in exports, caused Brazil’s balance of trade with the US to turn negative by USD 1.77 billion last month – the ninth consecutive trade deficit with the country and the largest recorded this year.
In 2025, Brazil exported USD 29.213 billion to the US, down just 0.6 percent from the first nine months of last year. Imports totaled USD 34.315 billion, up 11.8 percent, causing the trade deficit to rise to USD 5.102 billion in 2025.
In the same time span last year, Brazil had a deficit of USD 1.317 billion with the US. Before President Donald Trump’s administration imposed a 50-percent tariff on a number of Brazilian products, Brazil already had a trade deficit with that country.
