Brazil recorded a trade surplus of $9.8 billion in June, a 67% increase from the previous year, according to data from the Ministry of Development, Industry, Commerce and Services (MDIC).
The strong monthly performance prompted the ministry to raise its full-year 2026 surplus forecast to $90 billion, signaling sustained export momentum despite ongoing trade tensions with the United States.
The surge in the trade balance was driven by robust sales to the US, which continued to rise even as Washington threatened new tariff measures.
This resilience suggests that current US import demand for Brazilian goods, particularly in the commodity sector, remains inelastic to short-term policy threats.
The data underscores the structural strength of Brazil’s export engine, which continues to outperform broader macroeconomic headwinds.
The improved trade outlook provides a counterweight to recent concerns regarding Brazil’s fiscal position.