Marginal Revolution
7/22/2026
Brazil's agricultural exports nearly match US totals amid tariff-driven trade shifts
Original: Brazil fact of the day
Short summary
US agricultural exports reached $171bn last year, only $2bn more than Brazil's total. Brazil's exports rose 6% while US exports fell, with analysts attributing Brazil's gains to trade disruptions from Trump's tariffs. Brazil is rapidly closing the gap with the US as a top agricultural exporter.
- •US ag exports $171bn, Brazil close behind at ~$169bn
- •Brazil exports up 6%, US exports declining
- •Trump tariffs cited as factor in Brazil's trade gains
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