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US-Latin America Trade Declines
Trade with Mexico, Brazil, Chile and Colombia declined in September.
BY LATINVEX STAFF
US trade with Latin America declined 1.27% in September, the first full month of US tariffs against virtually all countries in the region, according to a Latinvex analysis of just-released data from the US Census Bureau.
US trade with Mexico – its top trade partner in the world – declined 0.99% to $71.8 billion, while trade with the rest of Latin America fell 1.95% to $29.5. All in all, total US trade with Latin America reached $101.3 billion in September.
| US-Latin America Trade | ||||||||
| US trade with Latin America in September 2025, millions of US dollars. Percent change over September 2024. |
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| Country/Area | Exports | Ch | Imports | Ch | Total | Ch | ||
| Mexico | $ 27.196 | -3.96% | $ 44.578 | 0.91% | $ 71.774 | -0.99% | ||
| Brazil | $4.300.00 | -3.80% | $2.899.00 | -12.90% | $7.198.83 | -7.70% | ||
| Chile | $1.456 | -2.60% | $1.192 | -29.20% | $2.648 | -16.70% | ||
| Colombia | $1.553 | 4.30% | $1.388 | -8.60% | $2.941 | -2.22% | ||
| Total LAC | $ 44.258 | -1.75% | $ 57.008 | -0.89% | $ 101.266 | -1.28% | ||
| NOTE: LAC (Latin America and Caribbean includes countries not listed here). | ||||||||
| Source: Latinvex using data from US Census Bureau | ||||||||
BRAZIL
US trade with Brazil, which was slapped with a 50% tariff in August, fell 7.7% to $7.2 billion. US imports from Brazil declined by double digits – 12.9% — to $2.9 billion, while US exports to the South American country fell 3.8% to $4.3 billion.
In November, the US removed 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits, Reuters reported.
Meanwhile, Chile suffered an even stronger decline in US trade in September, with two-way commerce plunging 16.7% to $2.6 billion. That was largely due to a whopping 29.2% fall in Chilean exports to the US.
Colombia, which also ranks among the top four US trading partners in Colombia, suffered a 2.2% decline in US trade in September. While its exports to US declined 8.6%, its imports of US goods actually grew 4.3%.
Data for the full nine months of this year show US trade growing 3.9% to $937.1 billion. That compares with 5.4% growth during the first six months.
US exports to Latin America grew 2% to $413 billion, while imports increased 5.55 to $523.9 billion, according to the Latinvex analysis of US Census Bureau data.
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