Brazil’s agricultural machinery forgings manufacturing industry has a certain competitiveness in the world, but compared with some developed countries, there are still some challenges and limitations. The following is an assessment of the competitiveness of Brazil’s agricultural machinery and forgings manufacturing industry: Rich agricultural resources: Brazil, as one of the largest agricultural countries, has broad arable land and rich agricultural resources, which provides a huge market demand for agricultural machinery and forgings manufacturing industry. Development potential: With the advancement of agricultural modernization in Brazil, the agricultural machinery forgings market has shown good prospects for development. The Brazilian government is also committed to promoting the upgrading of agricultural technology and agricultural machinery and equipment, which provides development opportunities for the agricultural machinery forgings manufacturing industry. Manufacturing process level: Brazil’s agricultural machinery forgings manufacturing enterprises in the production process and equipment level compared with the international advanced level there is a certain gap. This has resulted in Brazil’s agricultural machinery forgings products being relatively weak in terms of technical content, product quality and innovation. Technological research and development capacity: Brazil’s agricultural machinery forgings manufacturing industry is relatively weak in terms of technological research and development, and there is a shortage of high-level research and development institutions and innovative talents. This limits the ability of the Brazilian agricultural machinery forgings manufacturing industry in terms of technological innovation and product upgrading. Domestic market competition: Brazil’s agricultural machinery forgings manufacturing industry is facing challenges from domestic and foreign competitors, and internationally renowned agricultural machinery forgings brands have entered the Brazilian market, forming a certain competitive pressure. In general, Brazil’s agricultural machinery forgings manufacturing industry has a certain competitiveness, but still faces challenges such as insufficient manufacturing process and technological innovation capacity, domestic market competition and so on. In order to enhance competitiveness, Brazil’s agricultural machinery forgings manufacturing industry needs to strengthen technological innovation, improve product quality, optimize the industrial chain and other efforts, and cooperate with international advanced enterprises to actively explore overseas markets.