US share of Brazil's trade falls to record low after tariffs
The United States accounted for just 9.4% of Brazil's exports in the first half of 2026, the lowest share since the data series began in 1997. That is down from 12.1% a year earlier, before the first round of tariffs took effect. The figures point to Brazil's trade shifting further toward China.
The United States' share of Brazil's exports fell to 9.4% in the first half of 2026, according to a report based on AmCham data. That is the lowest reading since records began in 1997 and below the 12.1% seen a year earlier.
The drop came after the first round of tariffs took effect. According to the figures cited by the Rio Times, China's weight in Brazil's trade grew over the period while the relative share of trade with the United States shrank.
The numbers reflect a broader trend of Brazil, Latin America's largest economy, diversifying its trade partners. Analysts said tariffs could, over the longer term, durably shift the direction of trade flows.
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