Brazil
South & Central America and the Caribbean
Trade in Brazil
| Brazil was the world’s 25th largest exporter of goods and 34th largest exporter of commercial services in 2021. Export values were $280.9 and $32.5 million USD respectively. Brazil’s top export category was agricultural products, followed by fuels and mining products, and manufactures. In 2020, Brazil’s main export destination markets for goods and services trade were to China, the United States and Argentina, with trade representing 32.89 per cent of GDP. In terms of imports, Brazil is the world’s 27th largest importer of goods and 27th largest importer of commercial services. Import values were $234.7 and $48.7 million USD respectively in 2021. Brazil’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were China, the United States and Germany. Brazil is part of 9 different Regional Trade Agreements, such as Brazil – Mexico, Global System of Trade Preferences among Developing Countries (GSTP) and Latin American Integration Association (LAIA). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Brazil |
Abbreviation |
BR |
Capital |
Brasília |
WTO Membership Date |
1 January 1995 |
Legal System |
civil law; note - a new civil law code was enacted in 2002 replacing the 1916 code |
Language |
Portuguese |
Number of Time Zone(s) |
4 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Brazilian real |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://www.gov.br/siscomex/pt-br/servicos |
Last Reviewed: June, 2023
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