| Tournament details | |
|---|---|
| Host nation | Peru |
| Dates | 12 February - 22 February |
| Teams | 5 |
| Venues | 1 (in 1 host city) |
| Champions |
|
The South American Basketball Championship 1938 was the sixth South American Basketball Championship. It was held in Lima, Peru and won by the host Peru national basketball team. 5 teams competed, including Ecuador in their first appearance.
Each team played the other four teams once, for a total of four games played by each team and 10 overall in the tournament.