Story perspectives

Brazil's Manufacturing Deficit Hits Record $71.1 Billion

2/13/2026

Summary

Story summary

Brazil's manufacturing trade deficit reached a record $71.1 billion in 2025, even as overall exports rose 3.8%.
The gap reflects a commodity-led strength in soybeans and iron ore alongside weak manufacturing performance.
Aerospace and pharmaceuticals significantly contributed to the decline, with aerospace imports nearly tripling since 2019.
Despite a $68.3 billion overall trade surplus, the manufacturing deficit signals a structural retreat that began in 2010.

1 of 1

Story summary

Brazil's manufacturing trade deficit reached a record $71.1 billion in 2025, even as overall exports rose 3.8%.
The gap reflects a commodity-led strength in soybeans and iron ore alongside weak manufacturing performance.
Aerospace and pharmaceuticals significantly contributed to the decline, with aerospace imports nearly tripling since 2019.
Despite a $68.3 billion overall trade surplus, the manufacturing deficit signals a structural retreat that began in 2010.