Key facts
- China-Brazil bilateral trade achieved a record high in the first half of 2026.
- Electric vehicle exports from China were a key driver of this trade surge.
- Brazil's exports of oil and beef to China also contributed significantly to the record trade volume.
- Brazil has increased its market share in China for soybeans.
- U.S. soybean shipments to China have decreased.
Bilateral trade between China and Brazil has reached an unprecedented high in the first half of 2026. This surge was primarily propelled by robust electric vehicle (EV) exports from China to Brazil, alongside substantial shipments of oil and beef from Brazil to China.
In parallel, Brazil has solidified its position in China's crucial soybean market, expanding its share as United States shipments have declined. This shift occurred despite a trade agreement between President Donald Trump and President Xi Jinping, indicating a changing dynamic in agricultural trade flows.