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Argentina’s Exports to Brazil Jump 21% in April as Deficit Shrinks

Brazil’s global surplus, paired with a shift toward China and the EU, limits how much Argentina can close the gap.

Overview

  • Argentina’s sales to Brazil rose 21.2% in April 2026 to $1.178 billion, the trade chamber CAC reported.
  • Imports from Brazil fell 18.5% to $1.301 billion, leaving Argentina with a $123 million deficit for April.
  • Total two-way trade reached $2.479 billion in April, a 3.4% drop from a year earlier.
  • The year-to-date gap narrowed to $821 million through the first four months, down from $1.899 billion a year earlier.
  • Brazil posted a $10.537 billion global surplus in April and has redirected more exports to China and the EU after the 2025 U.S. tariff hike, shaping regional flows.