LatinNews Daily - 7 April 2025

*Brazil’s ministry of development, industry, trade, and services (MDIC) has released its trade figures for March, which showed a monthly trade surplus of US$8.15bn, in contrast to the deficit of US$445.6m registered the previous month. The latest surplus was also up 13.8% compared with March 2024. Exports in March this year totalled US$29.18bn, up 5.5% year-on-year, while the monthly import value stood at US$21.02bn, up 2.6% from March last year. Agricultural exports registered a value of US$8.22bn for March 2025, up 16.0% in yearly terms, and manufacturing exports were up 10.1%, posting a monthly export value of US$15.32bn, while extractive industries were down 15.3%, with an export value of US$5.48bn. In terms of export destinations, Brazil’s exports to China, Hong Kong, and Macau totalled US$9.33bn in March, up 10.9% from March last year, and exports to Argentina were up 43.3% year-on-year, with monthly exports totalling U$1.59bn, but exports to the US saw a yearly drop of 13.3%, registered an export value of US$3.27bn. Despite the yearly rise in the overall trade surplus for March, Brazil’s total surplus for the first quarter of 2025 came to US$9.98bn, down 46.0% on Q1 last year.

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