YTD exports of defense products total US$1.57 bi by November

YTD exports from the Brazilian defense industrial base (IDB) reached US$ 1.575 billion this year by November, a record result. The information comes from the Ministry of Defense, which expects to close the year with US$ 2 billion in exports. In 2020, exports reached US$ 777.1 million.

The national defense sector has 146 companies registered with the Ministry of Defense. The Brazilian portfolio comprises aircraft, vessels, cybernetic tools for data protection, radar, secure communication, and weapons systems, among other high-tech items.

According to the ministry, the defense and security sector currently generates 2.9 million jobs in Brazil, of which 1.6 million are direct and 1.3 million are indirect.

According to a study carried out this year by FIPE (the economic research institute federation) with CNI (the national industry confederation), the participation of the Defense Industrial Base in the national GDP grew more than 8% in the 2019-2020 biennium compared to 2018, currently representing 4.78% of the national GDP. According to the study, the IDB’s growth rate in 2020 surpassed that of traditional sectors of the Brazilian economy such as civil construction, agriculture, and oil extraction.

Source: Agência Brasil

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https://agenciabrasil.ebc.com.br/geral/noticia/2021-12/exportacao-de-produtos-de-defesa-soma-us-157-bilhao-ate-novembro

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