Brazil achieves record performance in exports of national defense products
Aug, 20, 2024 Posted by Gabriel MalheirosWeek 202434
Authorizations for the export of Brazil-made natioanl defense products in 2024 have already surpassed the total recorded for all of last year. By July, these operations had reached $1.47 billion. From January to December 2023, the total was $1.45 billion. According to the Ministry of Defense, this marks the best performance recorded since 2013.
Embraer’s KC-390 Millennium and A-29 Super Tucano airplanes are among the most exported items. This year alone, approximately $500 million has been generated from the sale of these aircraft. The United States, Denmark, Hungary, and Portugal are the leading importers, each investing over $100 million.
Brazil’s Defense Industrial Base (BID) is composed of a network of companies, both state-owned and private, involved in various production stages, including research, development, manufacturing, distribution, and maintenance of strategic defense products.
These products, which encompass goods and services, play a critical role in achieving a nation’s security and defense objectives.
“Exports promote international cooperation and integration, attract foreign investment, and retain talent within the country. Heraldo Luiz Rodrigues, National Secretary of Defense Products, states, “The figures indicate economic development, increased competitiveness, and the strengthening of the Defense Industrial Base.”
The Ministry of Defense currently has a registry of 235 companies that are part of the BID. Brazil’s portfolio includes more than 1,700 high-tech products, such as aircraft, vessels, cybersecurity solutions for data protection, radar systems, secure communication systems, and weaponry.
In total, the sector employs nearly 3 million people, both directly and indirectly.
Results
The Brazilian government has made tremendous progress through initiatives including bilateral meetings, technical personnel visits to industrial bases, coordinating military industry dialogues, commercial promotion, and participation in national and international trade shows.
According to Roberto Gallo, president of the Brazilian Association of Defense and Security Material Industries (Abimde), the success results from a strategic joint effort that has been ongoing for about ten years.
“What we’re selling today is the result of a strategic defense process that has been ongoing for at least a decade, as the products need to be tested,” he says.
He adds that this performance opens the door for Brazil to once again become one of the world’s largest exporters of defense systems.
Source: CNN
Original news reporting avaiable at: https://www.cnnbrasil.com.br/politica/exportacoes-de-produtos-de-defesa-batem-recorde/
-
Economy
Oct, 22, 2024
0
IMF raises Latin American growth forecast for 2024
-
Other Cargo
Jul, 22, 2022
0
Brazil shipped 20% more footwear components in the first half of 2022
-
Ports and Terminals
Nov, 14, 2024
0
How Brazil and Mexico Became Strategic for Dubai Ports, Partner of Rumo and Suzano
-
Grains
Nov, 14, 2023
0
Abiarroz: Rice exports reach 203.8 thousand tonnes in October