Business

Brazil trade with U.S. sees worst result in 11 years

The American Chamber of Commerce in Brazil shows that Brazil-U.S. trade fell 25 percent, on course for a billion-dollar deficit

trade brazil usa
Image: Tunasalmon/Shutterstock

The most notable change in Brazilian foreign policy since the election of President Jair Bolsonaro in 2018 has been the country’s full alignment with the U.S. However, this shift in allegiances has yet to result in any concrete gains for Brazil — in fact, bilateral trade with the U.S. has just seen its worst result in 11 years. Between January and September of this year, accumulated trade between the two countries hit USD 33.4 billion, a 25 percent drop from the same period in 2019. 

Regardless, the U.S. remains Brazil’s second-largest trading partner, accounting for 9.7 percent of Brazilian...

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