Brazil-United States Trade 2026: The Definitive Outlook

Total trade between Brazil and the US reached $84.1 billion in 2024, showing a recovery from 2023. Although slightly below the 2022 peak of $91.9 billion, the five-year trend remains positive, growing from $51.3 billion in 2020. This indicates a resilient and expanding bilateral commercial relationship despite periodic fluctuations.

Brazil maintains a consistent trade deficit with the US, with 2024 imports at $43.2 billion and exports at $40.9 billion. Notably, Brazilian exports have seen steady growth, nearly doubling since 2020's $21.6 billion. Imports peaked in 2022 at $54.1 billion before stabilizing in the following years.

The bilateral trade market exhibits a strong growth rate of 13.13%. This double-digit expansion reflects a robust intensification of economic ties and increasing transactional volume between the two nations, suggesting a healthy environment for continued trade development and investment.

Brazil's exports to the US are led by petroleum crude oil at $6.7 billion, followed by petroleum ether and green coffee beans. The data highlights Brazil's role as a primary supplier of energy, agricultural commodities, and industrial raw materials like semi-finished steel and iron to the American market.