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 207.65 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 $1.796 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’ 10th largest export destination with $37 billion in exports. Two-way trade in goods between the United States and Brazil was $66.5 billion in 2017. Top imports from Brazil to the United States include primary metal manufactures, oil and gas, transportation equipment, and imports. Top exports from the United States to Brazil include chemicals, transportation equipment, petroleum and coal, and computer.

ca-exports-to-brazil-2014Brazil is California’s 23rd largest export destination. In 2017, California exported over $1.4 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, chemicals, 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

Investment

In 2017, US FDI in Brazil was $68.27 billion. Brazil FDI in the United States had a negative flow of $2 billion in 2017 (BEA). However, in 2016, the ultimate beneficial owner (UBO) of Brazilian FDI in the US was $36.86 billion. (Select USA) 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 2016, Brazil was the seventh fastest growing source of FDI in the U.S., supporting 74,200 jobs. Brazil invested $27 million into research and development in the U.S. Brazil also invested $5.1 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 tobacco, metals, textiles, and chemicals. 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

Upcoming Event

Summer Olympics in Rio de Janeiro—August 5-21, 2016