Brazils Economy Maintains Resilient Growth

Brazils Secretariat of Foreign Trade, under the Ministry of Development, Industry, Trade, and Services, recently released data showing that Brazils total trade volume reached $599.5 billion in 2024, marking a 3.3% year-on-year increase - the second highest since records began in 1989.

The United Nations 2025 World Economic Situation and Prospects report highlighted Brazils resilient economic growth, predicting that it will further stimulate economic activity across Latin America and the Caribbean.

Data indicates that Brazils strong domestic demand contributed to a 9% increase in imports, reaching $262.5 billion in 2024. Meanwhile, exports declined by 0.8% to $337 billion, primarily due to lower prices and reduced volumes of key export commodities such as soybeans and corn. However, Brazils manufacturing and mining sectors remained stable, supporting a continued trade surplus throughout the year.

Additionally, according to the 2024 Global Foreign Direct Investment (FDI) Confidence Index released by global consulting firm Kearney, Brazil has re-entered the list of the worlds 25 most attractive investment destinations, ranking 19th globally.