Th e eff ects of water defi cit on physiological and biochemical variables of young plants of two tropical woody species, Pachira aquatica and Sterculia foetida, and their recovery abilities were measured. Leaf water potential, gas exchange and selected carbon metabolism components were measured in a greenhouse experiment with control, moderate and severe water defi cit treatments. Under severe drought stress, gas exchange and chlorophyll fl uorescence decreased in both species compared to their respective controls. After rehydration, P. aquatica and S. foetida showed a partial and full recovery of the measured variables, respectively. In addition, a decrease and an increase in photosynthetic pigments were observed for P. aquatica and S. foetida, respectively, compared to their controls. In conclusion, the two species showed diff ering responses regarding photosynthetic pigment content dynamics for tolerating water defi cit. Individuals of P. aquatica in the severe water defi cit treatment showed a decrease in pigments, which may have impaired the recovery of metabolism (gas exchange) after rehydration, while S. foetida experienced an increase, favoring a full recovery of gas exchange and biochemical metabolism after rehydration.