The Brazilian Economy

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Despite having all the natural resources that God has given this planet, I've just learned how ridiculously little the 2-Trillion-Dollar economy of Brazil is actually exporting. In addition, Brazil's overall export contains barely technological items and similiar goods of higher complexity. It almost exclusively consists of commodities, agricultural goods and raw materials. How come? @Nilgiri

Brazil's export in goods: 209 B USD in 2020 (- 6,9%)


Exports: The top exports of Brazil are Soybeans ($26.1B), Crude Petroleum ($24.3B), Iron Ore ($23B), Corn ($7.39B), and Sulfate Chemical Woodpulp ($7.35B), exporting mostly to China ($63.5B), United States ($30.5B), Argentina ($9.85B), Netherlands ($9.13B), and Japan ($5.58B).

 

Nilgiri

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Despite having all the natural resources that God has given this planet, I've just learned how ridiculously little the 2-Trillion-Dollar economy of Brazil is actually exporting. In addition, Brazil's overall export contains barely technological items and similiar goods of higher complexity. It almost exclusively consists of commodities, agricultural goods and raw materials. How come? @Nilgiri

Brazil's export in goods: 209 B USD in 2020 (- 6,9%)


Exports: The top exports of Brazil are Soybeans ($26.1B), Crude Petroleum ($24.3B), Iron Ore ($23B), Corn ($7.39B), and Sulfate Chemical Woodpulp ($7.35B), exporting mostly to China ($63.5B), United States ($30.5B), Argentina ($9.85B), Netherlands ($9.13B), and Japan ($5.58B).


Simple, Brazil is in middle income trap largely by the huge level of deep corruption that has beset lot of economic sectors that are sensitive to that kind of thing for innovation and growth.

Brazil is very capable country industrially if it surmounts that kind of thing (Embraer and other names come to mind)....but it has not broken through in enough broad ways for the tech sectors that drive growth today when it comes to exports and how that reflects in GDP in end.

Thus it is largely stuck to natural resources still till it finds institutional reforms and conversion of that to sound corporate strategy more palatable and sustained politically (especially in the more unseen grey areas).
 

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