Supply Lines

Latin America’s Exports Show Resilience Bypassing Trump Tariffs

Brazil, Argentina post record shipments abroad as trade flows elsewhere

A worker moves cargo at the export terminal of Guarulhos International Airport in Sao Paulo, Brazil, in September 2025.Photographer: Jonne Roriz/Bloomberg

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By Beatriz Reis

January 22, 2026 at 12:00 PM UTC

This article is for subscribers only.

Latin America entered the latest round of US trade disruptions expecting severe fallout. Instead, the region is emerging from President Donald Trump’s tariff shock in a position of unexpected strength.

Exports from the region have surged over the past 12 months. Argentina said its overseas shipments last year were the second highest in its history, following best-ever export figures from Brazil and Chile in 2025.