Amcham: exports to the U.S. fall by 25.5% in January for the 6th month, widening trade deficit

By Maria Regina Silva São Paulo, 11/02/2026 - Brazilian exports to the United States fell by 25.5% in January compared to the same month in 2025, reaching $2.4 billion in January, marking the sixth consecutive decline, according to Amcham Brasil. In parallel, the country's imports from the U.S. registered a 10.9% contraction in the first month of 2026 compared to a year earlier. As the drop in exports was more intense, Brazil's monthly deficit in the bilateral balance deepened to around $0.7 billion, more than triple that observed in January 2025, says a note. "The January data confirm that the beginning of 2026 continues to be marked by significant pressures on bilateral trade," says Amcham Brasil. "The combination of the drop in Brazilian exports and the maintenance of high tariffs, especially on industrial goods, has deepened the imbalance in the trade balance between Brazil and the U.S.," says Abrão Neto, president of Amcham Brasil. According to the entity, the retreat in ...