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Manufacturing

The World Bank annually lists the top manufacturing countries by total manufacturing value. According to the 2019 list:

In Latin America, few countries stand out in industrial activity: Brazil, Argentina, Mexico and, less prominently, Chile. Begun late, the industrialization of these countries received a great boost from World War II: this prevented the countries at war from buying the products they were used to importing and exporting what they produced. At that time, benefiting from the abundant local raw material, the low wages paid to the labor force and a certain specialization brought by immigrants, countries such as Brazil, Mexico and Argentina, as well as Venezuela, Chile, Colombia and Peru, were able to implement important industrial parks. In general, in these countries there are industries that require little capital and simple technology for their installation, such as the food processing and textile industries. The basic industries (steel, etc.) also stand out, as well as the metallurgical and mechanical industries.

The industrial parks of Brazil, Mexico, Argentina and Chile, however, present much greater diversity and sophistication, producing advanced technology items. In the rest of Latin American countries, mainly in Central America, the processing industries of primary products for export predominate.

In the food industry, in 2019, Brazil was the second largest exporter of processed foods in the world. In 2016, the country was the second largest producer of pulp in the world and the eighth largest producer of paper. In the footwear industry, in 2019, Brazil ranked fourth among world producers. In 2019, the country was the eighth largest producer of vehicles and the ninth largest producer of steel in the world. In 2018, the chemical industry of Brazil was the eighth largest in the world. In the textile industry, Brazil, although it was among the five largest world producers in 2013, is very little integrated into world trade. In the aviation sector, Brazil has Embraer, the third largest aircraft manufacturer in the world, behind Boeing and Airbus.