Brazil Trading Partner Portal

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 209.5 million residents. Brazil is the 5th largest country in the world and the most populous in South America. It has one of the strongest economy in South America with a GDP of approximately $1.869 trillion. Brazil’s strong sectors include manufacturing, mining and agriculture. (World Bank, CIA Factbook)

Brazil is the United States’ 9th largest export destination with $43.08 billion in exports. Two-way trade in goods between the United States and Brazil was $73.9 billion in 2019. Top imports from Brazil to the United States include primary metal manufactures, oil and gas, transportation equipment, and non-electrical machinery. Top exports from the United States to Brazil include chemicals, petroleum and coal, transportation equipment, and computer products.

Brazil is California’s 25th largest export destination. In 2019, California exported almost $1.3 billion to Brazil. This included computer and electronic products,  transportation equipment, chemicals, and manufactured commodities. California imports the following from Brazil: oil and gas, chemicals, primary metal manufacturing, and agricultural products.

U.S.-Brazil Relationship

The US Brazil diplomatic relationship was established nearly 200 years ago in 1822, when the U.S. was the first country to recognize Brazil’s independence.

In March 2020, President Donald Trump and Brazilian President Jair Bolsonaro met in Mira Lago, Florida to set the tone for future relations. Topics include starting discussions on trade and economics including trade facilitation, good regulatory practices, e-commerce and aerospace / satellite cooperation.

Further a U.S.-Brazil CEO Forum which was originally established in 2007 was reinvigorated in November 2019. The Forum is comprised of 10 top CEOs from each country who are now meeting regularly.

Joint Statement from President Donald J. Trump and President Jair Bolsonaro
White House, March 7, 2020

Statement by the Press Secretary on the Meeting with President Jair Bolsonaro of Brazil
White House, March 6, 2020

Joint Communique from the U.S.-Brazil CEO Forum
U.S. Department of Commerce, November 25, 2019

Message to the Congress on Designating Brazil as a Major Non-NATO Ally
White House, May 8, 2019

Joint Statement from President Donald J. Trump and President Jair Bolsonaro
White House, March 19, 2019

Other News:

Preliminary Overview of the Economies of Latin America and the Caribbean
ECLAC, December 2019

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

Brazil – U.S. Joint Statement on Enhancement of Bilateral Economic and Trade Partnership
U.S. Trade Representative, April 17, 2020

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

Investment

In 2018, US FDI in Brazil was $70.8 billion. Brazil FDI in the United States had a negative was $39 billion in 2018 (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. In 2017, Brazil FDI in the U.S. supported 85,400 jobs. Brazil invested $17 million into research and development in the U.S. Brazil also invested $4.4 billion into expanding U.S. exports. The top industry sectors in the US of Brazilian FDI are: software and IT services, financial services, food and beverages, textiles, chemicals, and metals. SelectUSA

Brazil Beyond The Olympics: Good News For Emerging Market Investors
Forbes, August 23, 2016

“Strengthening the U.S.-Brazil Trade and Investment Partnership for the 21st Century” Remarks by Deputy U.S. Trade Representative Miriam Sapiro

Trade Policy Review: Brazil

Nunes Opening Statement: Hearing on U.S.-Brazil Trade and Investment Relationship: Opportunities and Challenges

Vice President Biden Discusses the ‘Start of a New Era of U.S.-Brazilian Relations’

Remarks to the Press by Vice President Biden and Brazilian Vice President Temer

General Council appoints Azevêdo as next Director-General, Lamy pledges smooth transition

Joint Statement by President Obama and President Rousseff

Fact Sheet: The United States and Brazil: A Growing Partnership

Fact Sheet: The U.S.-Brazil Economic Relationship

Fact Sheet: The U.S.-Brazil Global Partnership Dialogue

Fact Sheet: U.S.-Brazil Science and Technology Cooperation

Fact Sheet: The U.S.-Brazil Strategic Energy Dialogue

Fact Sheet: U.S.-Brazil Defense Cooperation

Fact Sheet: Strengthening the U.S.-Brazil Economic Relationship

Fact Sheet: the United States and Brazil Facilitating Travel and Exchange

Related News

Key Country Contacts