*Brazil’s ministry of development, industry, trade, and services has released the trade figures for March, showing a monthly trade surplus of US$6.41bn, down 17.2% compared to March last year. Exports in March this year totalled US$31.60bn, up 10.0% year-on-year, while imports totalled US$25.20bn, up 20.1% compared to March 2025. Meanwhile, the accumulated trade surplus for the first quarter of 2026 stood at US$14.18bn, which is up 47.6% compared to the surplus of Q1 2025. The most significant rise in monthly exports in March this year were registered by extractive industries, which posted an export value of US$7.36bn, up 36.4% year-on-year. Monthly agricultural exports totalled US$8.26bn, up 1.1% compared to March last year, while manufacturing exports totalled US$15.82bn, up 5.4%. Regarding Brazil’s main export destinations, monthly exports to China reached US$10.49bn, up 17.8% year-on-year. However, exports to the US were down 9.1%, with a monthly export value of US$2.89bn, and exports to Argentina were down 5.9% compared to March 2025, with monthly exports totalling US$1.47bn.
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