Data from Brazil’s Defense Ministry show Brazil will once again become a great exporter of defense products. According to the ministry, the historic average of exports—which totaled $214 million in the last years—is nearing $357 million this year.
The government today (Sep 17) announced the signing of a trade deal with Saudi Arabia to expand exports of Brazilian agribusiness products, including chestnuts, egg derivatives, and increased access to Brazilian fruits. In all, these goods add up to over $2 billion.
Brazil’s exports to the US grew 9.5 percent in August this year from the same month in 2018. Imports from the North American country, in turn, rose 27.9 percent. Commerce with other key partners—like China, Argentina, and the EU—also saw a reduction.