Brazil Opportunities

WEDC Market Update: International growth opportunities — Brazil

Wisconsin Economic Development Corp. With continental dimensions and a population of 200 million, Brazil is among the top 10 largest economies in the world.

Milwakee Business Journal
22/04/2015 21:19
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With continental dimensions and a population of 200 million, Brazil is among the top 10 largest economies in the world. It has a well-established democracy, and is one of the most important emerging markets.

Fostering increased trade with the U.S. is becoming a higher priority for Brazil’s government. During meetings in Washington, D.C. earlier this year, Brazil’s minister of development, industry and trade discussed the standardization of rules and the interconnection of foreign trade portals. As an industrial and agricultural giant, Brazil has abundant natural resources, a developed industrial base, high standards in scientific research and substantial human capital.

The country offers excellent business opportunities for Wisconsin exporters with state-of-the-art technologies and innovative products. Opportunities exist in almost every sector, especially industrial and electrical machinery, agricultural equipment, medical and scientific instruments, vehicles, construction equipment and related industries.

Population: 202.7 million (36 times greater than Wis.)

Area: 8,514,877 sq. km. (50 times greater than Wis.)

GDP: $2.19 trillion (8 times greater than Wis.)

2014 Wis. exports: $517,341,879

Wis. export rank: 8

2014 Wis. imports: $68,980,815

Key industries: Oil, gas and mining; energy generation and distribution; agriculture and processed foods; building and construction; aerospace and aviation; safety and security devices; environmental technologies; retail; transportation; air transportation; telecoms; and pharmaceuticals

Learn more about growing your business in Brazil at InWisconsin.com/Exporting or call toll-free at 855-INWIBIZ.

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