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Brazil recorded a historic record in soybean complex exports in November 2025, driven by Chinese demand and a decline in US competitiveness in the international market. According to data from the Ministry of Industry, Trade and Innovation (MDIC), Brazilian trade flow already totals US$540.8 billion up to the first week of November, with a surplus of US$1.811 billion for the week.
Soybeans lead the increase in exports.
Exports of the soybean complex (soybeans, meal, and oil) have reached unprecedented levels, according to industry experts. Brazil took advantage of the moment when China reduced its purchases from the US, expanding its share of the Asian market. Agribusiness consultant Ênio Fernandes, from Terra Agronegócios, highlights that the country is reaping the rewards of investments in logistics and productivity.
Economic and sectoral impact
On a daily average, exports from the agricultural sector grew by 42.2% compared to the same period in 2024, while the manufacturing industry saw an increase of 10.7%. The extractive industry, however, registered a decrease of 22.7%. Imports, in turn, grew by 8% in the manufacturing industry, but decreased by 5.2% in agriculture.
Challenges and opportunities
Despite the positive outlook, experts warn of dependence on the Chinese market and the volatility of international prices. The slow pace of trading in the domestic market and the stability of prices in Chicago suggest caution for the coming months. The sector awaits the USDA report next Friday for further guidance.
Photo by Aliaksei Lepik on Unsplash
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