Trading Partner Portal: Brazil
Geographically, Brazil is nearly as large as the United States and is home to approximately 207.8 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 $1.774 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.
Brazil 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
ITA Blog, July 21, 2016
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.
In 2015, US FDI in Brazil was $65.3 billion. Brazil FDI in the United States was $431 million in 2015 (BEA). According to the USTR, U.S. FDI in Brazil is led by the manufacturing and finance/insurance sectors and Brazil’s FDI in the United States is led by the wholesale trade sector.
Brazil Beyond The Olympics: Good News For Emerging Market Investors
Forbes, August 23, 2016
Key Country Contacts
- Brazilian Consulates in California
- Brazilian-American Chamber of Commerce
- American Chamber of Commerce for Brazil
- República Federativa do Brasil – Portal Oficial do Governo Brasileiro
- International Trade FAQs
- International Business Institute of the Americas
- Brazil-U.S. Business Council
- Brazil Calendar of Exhibitions and Fairs 2015
- Guide to Doing Business in Brazil
- How to Export to Brazil
- Business in Brazil Useful Links
- Top US Export Prospects
- Brazilian National Confederation of Industry – CNI
- How to Do Business and Invest in Brazil