Brazil advances in export ranking and surpasses countries like Sweden and Indonesia

Brazil gained two positions in the world ranking of industrial exports. The performance came amid record export levels in 2022, going from growth of 0.84% ​​in 2021 to 1.05% in the following year. With the result, the highest since 2012, the estimate is that Brazil will move from 28th to 26th position and overtake Sweden and Indonesia. China leads the ranking. The data is contained in the latest survey on the indicator, released by the National Confederation of Industry (CNI).

Insper economics professor Otto Nogami explains what contributes to progress. “The advance in Brazilian industrial exports was influenced by a combination of factors, mainly related to the global economic environment, foreign trade policies and efforts by the Brazilian industrial sector to adapt and compete in the global market”, assesses the professor.

Agricultural exports break record and reach US$ 15.24 billion in April

The increase in Brazilian exports was greater than the global one. The CNI estimate is a growth of 23.44%. While the overall result in the period was -0.44%. Despite the advance in exports. On the other hand, industrial manufacturing production remained practically the same. For Otto Nogami, it is necessary to implement strategic actions to increase the competitiveness of the national industry.

“Such as investment in technology and innovation, improving infrastructure, education and workforce training, stimulating research and development, tax incentives and financing, integration into global value chains and improving foreign trade policies”, he argues.

INDUSTRIAL PRODUCTION

In relation to industrial production, Brazil occupies 16th position. The country’s performance and position remain practically unchanged, according to the CNI. The entity highlights that Brazilian production has been on a downward trend since 1996. Member of the Mixed Parliamentary Industry Front, federal deputy Vitor Lippi (PSDB-SP) defends, among other points, incentives for technology and innovation for industrial recovery and for the country’s economic development.

“We need to study how to reduce this Brazil Cost, what is the way to make international investors want to invest in industries and that industries that are here feel safe to invest and be able to grow, because the scale is fundamental today in industries, when we talk about global value chains, we talk about producing a lot to reduce the cost per production and you can supply the world, so you have to have all these concerns”, he states.