Brazil Exports More Raw Materials Than Ever — and Imports More Industry Than It Can Afford

2026-02-13 - 11:55

Key Points — Brazil’s manufacturing trade deficit hit a record $71.1 billion in 2025 — even as overall exports rose 3.8% — exposing a widening gap between the country’s commodity strength and its industrial weakness. — High-tech sectors drove the deterioration: aerospace imports nearly tripled since 2019, while pharmaceuticals doubled, fueled in part by the