Brazil recorded an increase in imports from Libya during the first quarter of 2026, driven by a sharp rise in aluminum scrap shipments, despite an overall decline in trade between the two countries.
According to data reported by the Arab-Brazilian Chamber of Commerce and based on figures from Brazil’s Ministry of Development, Industry, Trade, and Services, Libya exported only one product to Brazil between January and March: aluminum scrap. The value of these exports surged by 347.4% compared to the same period in 2025, reaching approximately $1.7 million.
Despite this increase, Brazil maintained a significant trade surplus with Libya. Brazilian exports to Libya totaled $94.19 million during the first quarter, although this figure represents a 57.2% decline compared to the same period last year.
Brazil’s main exports to Libya included iron ore, chicken meat, beef, tobacco, and coffee. Iron ore accounted for the largest share, making up 36.8% of total exports. However, shipments of iron ore were recorded only in January and February, with no exports reported in March, contributing to the overall decline in trade.
As a result, total trade volume between the two countries reached $95.9 million during the first quarter, marking a year-on-year decrease of 56.5%. Brazil’s trade surplus with Libya stood at $92.4 million over the same period.
The data highlights a mixed trade dynamic, with Libya’s export growth concentrated in a single commodity, while overall bilateral trade contracted significantly. Analysts suggest that fluctuations in global demand, supply chain conditions, and domestic economic factors may have contributed to the decline.
The sharp increase in aluminum scrap exports indicates potential shifts in Libya’s export patterns, possibly reflecting changing industrial activity or efforts to capitalize on global recycling markets.
At the same time, the drop in Brazilian exports suggests reduced demand in Libya or logistical and economic constraints affecting trade flows. Observers note that stabilizing trade relations will depend on broader economic recovery and improved market conditions in both countries.
