• Brazil

    Brazil

    With a GDP of US$ 2.518 trillion, Brazil is currently the sixth largest economy in the world after having surpassed the UK in 2011 . The country has an important role in international relations as a member of the G20 and as one of the BRICs, the group of leading emerging economies also including Russia, India and China. Brazil´s GDP has been positively influenced in recent years by marked growth in manufacturing, mining and agriculture. The economy, although mostly based on domestic consumption, attracts broad global investment because of its high interest rates. In addition, Brazil´s US$426 billion stock of foreign direct investment (2011)leads to a sense of optimism in the country’s growth potential although current moves to tax investors has discouraged investment growth. The largest and most important sectors of the economy are petroleum, mining, steel, agriculture and energy – the country is the largest producer of ethanol in the world. Despite Brazil’s significant growth, it still faces developmental challenges such as:

    • Eliminate poverty. Approximately one quarter of Brazilians live below the poverty line.
    • Increase labour productivity through a better educated workforce
    • Reduce the size of the informal sector
    • Improve its infrastructure
    • Promote good governance
    • Increase national brand recognition

    Key trade issues

    • Reform the foreign direct investment regime
    • Promote public- private partnerships to attract private capital
    •  Expand of trade liberalization through lower import duties and non tariff barriers
    •  Grow in services and technical sectors
    •  Conclude negotiations of the WTO Doha round, in which agriculture remains an important issue for Brazil
    • Expansion of trade liberalization and a more growth-oriented export policy
    • Reduce dependence commodity-based exports and increase export value-addedGrowth in services and technical sectors

    Government priorities

    • Maintain a sustainable growth rate
    • Fight hunger
    • Diminish the risk of inflation
    • Strengthen the country’s fiscal policy
    • Develop South- South trade relations, especially with China
    • Reduce environmental degradation
    • Invest in education and research
    • Cooperate with Portuguese speaking developing countries such as Angola and Mozambique
    • Maintain its growing international role within G20
    • Increase integration at a regional level within the Common Southern Market (MERCOSUR)

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.