Brazil’s Trade Surplus Doubles in January as Economic Slowdown Slashes Imports

2026-02-05 - 21:15

Key Points Brazil’s January trade surplus almost doubled to $4.34 billion, driven more by collapsing imports than rising exports. China now takes 25.7% of Brazilian exports, while the U.S. share slid to 9.5% over the past year. With rates at 15%, Brazil is balancing inflation control against a growth slowdown that is becoming harder to