Brazil is a huge market for American companies. With a gross domestic product (GDP) of approximately US$1.27 trillion, Brazil represents roughly half of the South American geographic territory, and approximately half of its economic output. In 2007, for the second year, the trade relationship between Brazil and the U.S. hit record levels, with bilateral trade exceeding US$44 billion, an increase of 12% from 2006.
U.S. exports to Brazil amounted to US$19 billion, representing a 28% growth from the prior year and the increased value of the Brazilian currency (the Real) against the U.S. dollar and strong growth in the Brazilian economy are helping fuel the increase in U.S. exports to Brazil.
Strong global demand for commodities, of which Brazil is a primary supplier, is helping to fuel Brazil's economic growth. Additional growing industries include:
| Agricultural Equipment/Agriculture |
Aircraft/Parts & Airports |
Computer Software/E-Commerce |
|
Insurance |
Iron & Steel |
IT Hardware |
|
Medical Equipment |
Mining |
Oil & Gas |
|
Pharmaceuticals |
Pollution Equipment |
Ports/Railroads/Highways |
|
Safety & Equipment |
Telecommunications |
Tourism |
Making sure you have the right documentation and information to clear customs is important to getting your product to Brazil though -- review the information below to help prepare for your shipments!