Opportunities in Brazil 2013

Topics: International trade, Brazil, United States Pages: 4 (1010 words) Published: June 21, 2013
Opportunities in Brazil and Latin America

Facts:

Brazil has the 6th biggest economy in the world in terms of Gross Domestic Product (GDP) derived from purchasing power parity (PPP) calculations. The Brazilian company Embraer is the world's third biggest aircraft-producer and exporter after Boeing and Airbus. It specialises in 'regional' jets, which is to say medium-sized planes that seat up to 110 passengers. Brazil is the world's largest exporter of sugar, coffee, orange juice, soya, beef, tobacco and chicken. In terms of agriculture the Financial Times describes the country as "a powerhouse whose size and efficiency few competitors can match". In 2012 the United Kingdom was Brazil's eleventh trading partner in terms of exports and fourteenth in terms of imports. From 2002 to 2012, Brazilian exports to the United Kingdom grew by 155.5% in total. In 2012 exports fell by just under 14%. Brazilian imports from the United Kingdom have shown big increases in recent years, apart from 2009, and in 2012 imports rose by almost 4%. The balance of trade has shown a surplus for Brazil, in 2012, the surplus was of just over $1 billion. Brazilian exports to the United Kingdom are diversified, even though raw materials and semi-manufactured products have always figured as important items. Manufactured products of a higher aggregated value are beginning to have more weight. Brazilian imports from the United Kingdom are predominantly centred on factors of production and capital goods. São Paulo received in 2012, more Foreign Direct Investment (IED) than New York considered second city of the Future in the Americas, losing only to New York but still ahead of Toronto (Canada), Los Angeles (US), Chicago (US), Santiago (Chile) e Buenos Aires (Argentina), among others. (American Cities of The Future 2013, FDi Magazine). Growth in visa applications and granted for foreigners coming to work and live in Brazil.

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