Hailstorms in subtropical South America are known to be some of the most frequent anywhere in the world, causing significant damage to the local agricultural economy every year. Convection in this region tends to be orographically forced, with moisture supplied from the Amazon rainforest by the South American low-level jet. Previous climatologies of hailstorms in this region have been limited to localized and sparse observational networks. Due to the lack of sufficient ground-based radar coverage, objective radar-derived hail climatologies have also not been produced for this region. As a result, this study uses a 16-year dataset of TRMM Precipitation Radar and Microwave Imager observations to identify possible hailstorms remotely, using 37-GHz brightness temperature as a hail proxy. By combining satellite instruments and ERA-Interim reanalysis data, this study produces the first objective study of hailstorms in this region. Hailstorms in subtropical South America have an extended diurnal cycle, often occurring in the overnight hours. Additionally, they tend to be multi-cellular in nature, rather than discrete. High-probability hailstorms (≥ 50% probability of containing hail) tend to be deeper by 1-2 km and horizontally larger by greater than 15,000 km2 than storms having a low-probability of containing hail (< 25% probability of containing hail). Finally, hailstorms are supported synoptically by strong upper- and lower-level jets, anomalously warm and moist low levels, and enhanced instability. The findings of this study will support the forecasting of these severe storms and mitigation of their damages within this region.