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LatinNews Daily - 06 February 2026
In brief: Brazil’s trade surplus up despite drop in exports
*Brazil’s ministry of development, industry, trade, and services has released the latest monthly trade figures, showing a trade surplus of US$4.34bn in January 2026, marking a year-on-year increase of 85.8%. Monthly exports totalled US$25.15bn, down 1.0% year-on-year, while the total import value for January this year stood at US$20.81bn, down 9.8% compared to January 2025. Brazil’s agricultural exports totalled US$3.87bn in January this year, up 2.1% in yearly terms. However, extractive industries posted a 3.4% decrease, with exports totalling US$7.07bn, while the manufacturing sector registered a slight yearly drop of 0.5%, with a monthly export value of US$14.08bn in January. Regarding Brazil’s main export destinations, exports to China totalled US$6.47bn, up 17.4% compared to January 2025. Meanwhile exports to the US stood at US$2.40bn, down 25.5% year-on-year. Exports to Argentina were also down, with a total export value of US$910m, which marks a 24.5% year-on-year decrease.
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