According to data released by the Foreign Trade Secretariat of the Ministry of Development, Industry, Trade, and Services (MDIC) of Brazil on Thursday (6th), Brazil's exports to the United States in October decreased by 37.9% compared to the same period in 2024, totaling $2.217 billion, reaching a new low since 2020.

Reports indicate that Brazil's exports to the United States have declined for the third consecutive month. Meanwhile, the impact of the tariffs imposed by the Trump administration on Brazilian products was evident in October, marking the third month of the 50% tariff imposed by Trump on Brazil. From January to October 2025, Brazil's exports to the United States decreased by 4.5%, totaling $31.46 billion, compared to $32.949 billion during the same period in 2024.

On the import side, Brazil's imports from the United States in October increased by 9.6% compared to the same period in 2024. In the first ten months of 2025, Brazil's imports from the United States increased by 11.6%, reaching $38.297 billion, resulting in a trade deficit of $6.84 billion with the United States.

Due to the 50% additional tax imposed on certain Brazilian export products, exports to the United States in October saw a significant decline, leading to a 24.1% reduction in exports to North America. Among them, petroleum exports plummeted by 82.6%, resulting in a loss of up to $500 million. Sales of pulp (-43.9%), fuel oil (-37.7%), and aircraft and parts (-19.8%) also experienced declines.

Herlon Brandão, Director of Statistics and Foreign Trade Research at MDIC, pointed out, "Even products not affected by tariffs, such as fuel oil and pulp, saw declines in sales."

Compared to Brazil's exports to the United States, exports to other regions showed overall growth. Exports to Asia increased by 21.2%, with exports to China showing the most significant growth at 33.4%. Exports to India (+55.5%), Singapore (+29.2%), and the Philippines (+22.4%) also increased.

In terms of the Chinese market, Brazil's exports to China in October grew by 33.4%, reaching $9.209 billion. In the first ten months of this year, Brazil's exports to China increased by 1.7%, totaling $84.733 billion.

On the import side, Brazil's imports from China in October decreased by 3.2%, totaling $6.438 billion, while total imports for the year increased by 13.0%, reaching $59.852 billion.

Overall, Brazil's foreign trade performance is positive. In October, Brazil's total exports amounted to $31.975 billion, imports were $25.011 billion, resulting in a trade surplus of $6.9 billion, an increase from $2.941 billion in September.

Agricultural exports increased by 21.0%, mining exports by 22.0%, and manufacturing exports by 0.7%. On the import side, agricultural imports increased by 3.5%, and manufacturing imports by 1.0%. In the first ten months of this year, Brazil's cumulative trade surplus reached $52.395 billion.