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The Ministry of Development, Industry, Trade, and Services (MDIC) has released consolidated data on the Trade Balance, revealing a trade surplus of $98.8 billion for the conclusion of 2023.
This information, presented on the Ministry's website and communicated to the public through a live broadcast by Vice President and Minister of MDIC, Geraldo Alckimin, marks a 60.06% increase over the surplus observed in 2022, reaching the highest value in the historical series since 1989. Alckimin, in his opening speech, commended the country's performance and emphasized the critical role of foreign trade for the economy, employment, income, and Brazilian development.
Essentially, a trade surplus occurs when exports exceed imports. The last instance of negative numbers was in 2014, a tumultuous year marked by economic and political crises, leading to a recession from 2015 to 2017 and the impeachment of President Dilma Rousseff in 2016.
One of the reflections of the trade balance can be felt in the logistics-industrial sectors. Data from Marketing Analytics (MA) shows that from the fourth quarter of 2022 to the end of 2023, the industrial product sector occupied 7.5% more areas, meaning more industrial properties were occupied for their operations.
MDIC data shows that the industrial sector experienced a similar increase in exports to its physical expansion, with an 8.6% increase. Another industry closely linked to these two sectors is the automotive sector, which expanded its operations in A+, A, and B industrial property occupancy by 7.5%. Furthermore, the agribusiness, which led MDIC data with a 13.7% increase, showed an expansion in their occupations of 20.2%.
"With the economy and local production on the rise, we anticipate a positive ripple effect on the logistics real estate sector. These properties are sought after by major companies in need of space for storage, stocking, and nationwide product distribution across Brazil. Presently, Brazilian logistics properties boast impressive occupancy rates exceeding 90%," comments Giancarlo Nicastro, CEO of SiiLA.











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