Brazil generates US$5,6 billion in exports of machinery and equipment in the first half of 2022

Brazil has overcome the challenges with bureaucracy and logistics in recent years. Holding the ninth world economy with a GDP of US$1,87 trillion, the machinery and equipment sector exported a total of US$5,6 billion in the first half of this year, a volume 29% higher than the same period in 2021.

Of this total, in 2022 the United States imported US$1,4 billion, an increase of 18% compared to the first half of 2021. Among the main imported segments are Road Machinery (40,1%); Engines and Generating Sets (15,4%) and Naval, Offshore and Onshore Equipment (8,3%).

In addition to the international situation with a combination of factors such as technology, economy and geopolitics, what exactly has changed?

To stimulate exports and bring the foreign market closer to national suppliers, mixed economy bodies, trade associations and the Brazilian government have been creating successful initiatives. Programs such as BMS – Brazil Machinery Solutions, a partnership between ApexBrasil and ABIMAQ, have promoted Brazilian companies by organizing business missions and sponsoring their participation in main international events.   

In the first half of 2021 alone, there were 13 events in sectors such as agriculture, poultry, metal-mechanics, textiles, food, plastics and mining.

Patrícia Gomes, Director of Foreign Market at the Brazilian Association of Machinery and Equipment Industry (ABIMAQ) explains: “Actions such as those supported by Brazil Machinery Solutions are quite strategic as they demonstrate the importance of foreign trade as a determining part of Brazilian foreign policy. BMS has invested in fairs, developing market studies and business rounds, taking advantage of the demand for international participation and facilitated international mobility. Encouraging exports - including small and medium-sized companies in the sector that are mainly responsible for generating employment in the country - brings important results to the economy.”