Trading Partner Portal: Brazil

Overview

Trade Overview

brazil_usa_ca_flagsGeographically, Brazil is nearly as large as the United States and is home to approximately 206.1 million residents. Brazil is the 7th largest country in the world and the most populous in South America. It has the strongest economy in South America with a GDP of approximately $2.3 trillion. Brazil’s strong sectors include manufacturing, mining and agriculture. Out of the emerging markets, Brazil was the first to recover from the 2008 financial crisis, and experienced a 7.5 percent GDP increase in 2010. Despite this recovery, growth slowed from 2011-2013, due to inflation and poor economic conditions. (World Bank, CIA Factbook)

Brazil is the United States’ 12th largest export destination with $30.3 billion in exports. Two-way trade in goods between the United States and Brazil was $56.5 billion in 2016. Top imports from Brazil to the United States include special classification provisions, aircraft, mineral fuel and oil, and iron/steel. Top exports from the United States to Brazil include mineral fuel and oil, aircraft, nuclear reactors, and electron machinery.

ca-exports-to-brazil-2014Brazil is California’s 21st largest export destination. In 2016, California exported over $1.6 billion to Brazil. This included computer and electronic products, transportation equipment, chemicals, and manufactured commodities. California imports the following from Brazil: oil and gas, primary metal manufacturing, goods being returned to California, and agricultural products.

Brazil: A Brilliant Opportunity for U.S. Exporters
ITA Blog, August 31, 2016

Doing Business in Brazil’s Retail Sector in the Digital Age

ITA Blog, July 21, 2016

Characteristics of travelers from Brazil to California – 2013

2015 Brazil Sales and Media Mission, Monday, October 19–Friday October 23, 2015
Visit California

Trade Agreements

Trade Agreements

On March 19, 2011, President Obama and President Rousseff signed the Agreement on Trade and Economic Cooperation, to enhance cooperation on trade and investment between the Western Hemisphere’s two largest economies.

Investment