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flag Brazil's January 2026 trade surplus rose 85.8% to $4.3 billion, below forecasts, as exports dipped on lower commodity shipments despite gains in agriculture.

flag Brazil's trade surplus jumped 85.8% to $4.3 billion in January 2026, below the $4.9 billion forecast, as exports fell 1.0% to $25.2 billion due to lower crude oil, iron ore, and coffee shipments, though gains in corn, soybeans, and beef helped. flag Imports dropped 9.8% to $20.8 billion, mainly from reduced fuel oil and crude oil purchases. flag The central bank kept interest rates at a 19-year high of 15% since July 2025 amid economic slowdown signs. flag The government projected a 2026 trade surplus between $70 billion and $90 billion, surpassing 2025’s $68.3 billion.

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