China bought half of Brazil's oil exports as trade hit a record

Summary

Trade between Brazil and China reached a record US$143 billion in the first nine months of the year, driven by Brazilian oil sales after the war on Iran disrupted Gulf supply, according to the Brazil-China Business Council. The council said Brazilian exports to China rose 12% to US$84.7 billion from January through September, while imports from China grew 9.9% to US$58.6 billion; the South China Morning Post reports that China bought half of Brazil's oil exports. This follows reports that China's exports surged in September and its January-September trade surplus reached $938 billion, according to ABC News.

Timeline

1. South China Morning Post

   15 Oct 2026, 18:23 UTCSource ↗

   The South China Morning Post reports that Brazil-China trade reached a record US$143 billion in the first nine months of the year, with China buying half of Brazil's oil exports as Iran war disruptions affected Gulf supply.