Brazil’s trade surplus reached US$58.674 billion from January through the second week of September 2026. According to the trade ministry, MDIC, the increase was 36.9% on a daily-average basis. This method accounts for periods with different numbers of working days.
How to interpret the trade surplus
Therefore, the percentage does not come from directly comparing US$58.674 billion with US$46.3 billion. The official table compares daily averages and covers periods of different lengths. Readers should keep that method in mind when comparing the totals.
The surplus was US$1.548 billion in September’s second week alone. Meanwhile, the cumulative balance for the first two weeks of the month reached US$3.356 billion.
Forecast for the full year
In its July forecast update, MDIC projected a trade surplus of US$90 billion for 2026 as a whole. That estimate combines US$394.4 billion in exports with US$304.4 billion in imports. However, it remains a forecast and may change as foreign trade develops.
Sources: MDIC’s preliminary figures, updated on September 14, and Agência Brasil’s report on the annual forecast (in Portuguese).
Correction dated September 18, 2026: we clarified that the 36.9% increase uses daily averages and removed the misleading direct comparison. We also removed the reference to an annual record and the claim of sector leadership, which lacked sufficient support for the period presented.
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