The United States and Brazil entered into the Agreement on Trade and Economic Cooperation (ATEC) in 2011. The ATEC establishes the Commission on Economic and Trade Relations as the primary mechanism for bilateral trade and investment issues, under which technical work and negotiations take place. The Commission last met in 2016.
In 2020, Brazil and the United States expanded the ATEC with a new Protocol Relating to Trade Rules and Transparency. That Protocol, which includes annexes on Trade Facilitation and Customs Administration, Good Regulatory Practices, and Anti-Corruption, entered into force in 2022.
- Fact Sheet on ATEC Protocol
- Press Release and Joint Statement on Conclusion of ATEC Protocol Negotiations
Other statements related to bilateral work:
- 2016 Press Release – Third Commission Meeting under ATEC
- 2013 Press Release – Second Commission Meeting under ATEC
Brazil Trade Summary
U.S. goods and services trade with Brazil totaled an estimated $127.6 billion in 2024, up 12.2 percent ($13.9 billion) from 2023.
U.S. goods trade (exports plus imports) with Brazil totaled an estimated $94.3 billion in 2025. U.S. goods exports to Brazil in 2025 were $54.4 billion, up 10.7 percent ($5.2 billion) from 2024. U.S. goods imports from Brazil totaled $39.9 billion in 2025, down 5.7 percent ($2.4 billion) from 2024. The U.S. goods trade surplus with Brazil was $14.4 billion in 2025, a 112.8 percent increase ($7.7 billion) over 2024.
U.S. total services trade (exports plus imports) with Brazil totaled an estimated $36.1 billion in 2024. U.S. services exports to Brazil in 2024 were $29.6 billion, up 24.4 percent ($5.8 billion) from 2023. U.S. services imports from Brazil in 2024 were $6.5 billion, up 3.3 percent ($208 million) from 2023. The U.S. services trade surplus with Brazil was $23.1 billion in 2024, a 31.9 percent increase ($5.6 billion) over 2023.
