BRAZIL TRADE BALANCE SWINGS TO $4.2 BILLION SURPLUS IN FEBRUARY, MATCHES FORECAST

Brazil posted a $4.2 billion trade surplus in February, reversing a $500 million deficit recorded in the same month of 2025, according to the Ministry of Development, Industry, Trade and Services. Exports rose 15.6% year-on-year to $26.3 billion, driven by stronger shipments of commodities such as crude oil, iron ore, and soybeans, while imports fell 4.8% to $22.1 billion, mainly due to lower purchases of non-electric engines and machinery. The result matched economists’ expectations and comes as Brazil’s economy shows signs of slowing after the Central Bank of Brazil kept interest rates near a 20-year high of 15% since mid-2025. The government estimates the country’s 2026 trade surplus could reach $70–$90 billion, above the $68.3 billion recorded in 2025.
Source: Reuters / Datamar News