In Washington, China’s space footprint in Latin America is coming under increased scrutiny. Beijing now has access...
South America
South America’s defense sector remains modest but is steadily modernising. Military spending remained stable at about $53.6 billion in 2024 (~2% of the world total), led by Brazil, Argentina, Colombia, Chile, and Peru, who are investing in fighter jets, naval vessels, and armoured vehicles. Regional industry—especially in Brazil—is boosting indigenous production and exports.