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THINKING OF DOING BUSINESS WITH BRAZIL? GET STARTED ARTICLE BY ROSALIENE BACCHUS EXPLORE THE BRAZILIAN MARKET ATTEND A TRADE FAIR BRAZIL VERY USEFUL SITES INTELLECTUAL PROPERTY RIGHTS TOOLKIT FOR BRAZIL EMBASSY OF UNITED STATES BRASILIA - BRAZIL __________________ CURRENT RELEASE ECONOMIC INDICATORS BANCO CENTRAL DO BRASIL FINANCIAL INDICES LEVYCAM CORRETORA DE CAMBIO E VALORES SAO PAULO - BRAZIL __________________ US-BRAZIL COMMERCIAL DIALOGUE ON FRANCHISING JANE SIEGEL US INTERNATIONAL TRADE ADMINISTRATION __________________ |
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Brazil was catapulted into world view in October 2009 when Rio de Janeiro became host
for the 2016 Summer Olympic Games. Brazilian President Luiz Inacio Lula da Silva wept
with joy. "Our hour has arrived," he declared.
Over the past six years, Brazil has grown as a developing industrial country and
regional power, extending its global influence in areas such as trade, biofuels,
biodiversity, and climate change. The world’s tenth largest economy, as measured by
gross domestic product (GDP), Brazil is the ‘B’ in the BRIC emerging economies of the
developing world, together with Russia, India and China.
When the world sunk into a financial quicksand in 2008, Brazil was one of the last
economies to succumb and among the first to rise out of the recessive sandpit.
NORTH
NORTHEAST
CENTER-WEST
SOUTHEAST
SOUTH
During a 21 January
meeting, Finance
Minister Guido
Mantega announced
that after stagnating
in 2009, Brazil's
Gross Domestic
Product (GDP) will
grow by 5.2 percent
in 2010. He
estimates that the
GDP grew 0.1
percent in 2009. The
actual result will only
be available in
March 2010.
Economic growth will
be sustained mainly
by domestic
demand, estimated
at a 7.3 percent
increase.
meeting, Finance
Minister Guido
Mantega announced
that after stagnating
in 2009, Brazil's
Gross Domestic
Product (GDP) will
grow by 5.2 percent
in 2010. He
estimates that the
GDP grew 0.1
percent in 2009. The
actual result will only
be available in
March 2010.
Economic growth will
be sustained mainly
by domestic
demand, estimated
at a 7.3 percent
increase.
Affirming that the country's economy will grow in a sustainable manner, Brazil's President
has guaranteed the growth of sectors like agriculture, industry and commerce. This will
be made possible with the government's expansion of credit lines for the purchase of
machinery and equipment as well as for trucks and buses. In addition to funds already
available, $15 billion reais (US$8.11 billion) will be allocated for financing the naval
industry and construction of refineries in the petrochemical sector.
Plowing ahead towards 2016, Brazil's President officially published the nation's 2010
Budget on 27 January 2010 in the amount of 1.86 trillion reais (US$1.01 trillion).
If Brazil continues to grow at present levels, the World Bank, in its Global Economic
Prospects 2010, predicts that Brazil will become the fifth largest world economy by 2016.
Based on preliminary figures obtained from the Central Bank of Brazil, imports and
exports in 2009 totaled US$127.6 billion and US$153 billion, respectively. In relation to
2008, this represented decreases of 26 percent for imports and 23 percent for exports.
The bank’s current release in July 2010, for the month of June 2010 indicated that
imports and exports continued to recover from losses in 2009. When compared to June
2009, exports and imports in June 2010 increased by 18 percent and 50 percent,
respectively.
exports in 2009 totaled US$127.6 billion and US$153 billion, respectively. In relation to
2008, this represented decreases of 26 percent for imports and 23 percent for exports.
The bank’s current release in July 2010, for the month of June 2010 indicated that
imports and exports continued to recover from losses in 2009. When compared to June
2009, exports and imports in June 2010 increased by 18 percent and 50 percent,
respectively.
Source: Central Bank of Brazil, Economic Indicators, June 2010
See next page for Brazil's Trading Partners and US-Brazil Trade 2005-2009.
In June 2010, the top export commodities by value were iron ore, crude oil, soja, and
raw sugar. Primary products represented 45 percent of total exports, followed by
manufactured products with 40 percent, and semi-manufactured products with 15
percent.
The top import commodities by value were crude oil, automobiles, pharmaceutical
products, and parts for automobiles and tractors. Brazil Imports by end-use
category for the month of June 2010 are shown in the diagram below.
raw sugar. Primary products represented 45 percent of total exports, followed by
manufactured products with 40 percent, and semi-manufactured products with 15
percent.
The top import commodities by value were crude oil, automobiles, pharmaceutical
products, and parts for automobiles and tractors. Brazil Imports by end-use
category for the month of June 2010 are shown in the diagram below.
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