Brazil- Business Opportunities
The Ambassador of Brazil, André Aranha Corrêa do Lago and Counsellor- Trade and Economic Affairs Eduardo Uziel has accepted the Honorary Membership of Global India Business Forum, in the presence of Global President Dr. Jitendra Joshi, Global Coordinators - Deepali Gadkari. Realizing the strengths of Global India Business Forum and the Consulate of Brazil and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.
Brazil, officially known as the Federative Republic of Brazil, is the largest country in both South America and Latin America. The reason why this country is the largest is because the total land area of this country is 8.5 million sq. km. The country has a population of 211.42 million people as of 2020 and the capital of Brazil is Brasilia, with the largest city being Sao Paulo. The official language spoken in Brazil is Portuguese and the currency used in Brazil is Brazilian Real. A major part of the population practices Christianity as their religion. The country gained its independence from Portuguese rule on September 7, 1822 and is a member of many international government bodies such as the UN, the G20, BRICS, Mercosul, Organisation of American States, Organisation of Ibero-American States and the Community of Portuguese Language Countries.
Business Opportunities in Brazil
Brazil is blessed with abundant natural resources such as iron ore, tin and phosphate. In fact, the country is the world’s largest producer of these metals. Also, Brazil has large deposits of diamonds, manganese, chromium, bauxite, copper and many other metals. Moreover, the country is an export-driven economy and hence attracts large amounts of exports from all over the world. Tourism is another important sector of the Brazilian economy as the country organizes Rio carnivals which are famous across the world. These carnivals pull in huge tourist crowds. Brazil is also one of the largest producers of sugarcane, acai, oranges and Brazil nuts. Furthermore, Brazil has been the world’s largest producer of coffee for more than 150 years! All these sectors have a huge potential to attract lucrative business opportunities in Brazil from countries all over the world as these commodities are always highly demanded by customers across the globe. Tourism is another sector that can attract abundant business opportunities for the country.
Exports and Imports in Brazil
The exports of Brazil decreased from $18,365.23 million in the month of December 2020 to $14,807.70 million in January 2020. Meanwhile, the imports of Brazil also decreased from $18,406.82 million in December 2020 to $15,933.19 million in the month of January 2020.
Top Exports of Brazil
The top exports of Brazil are soybean and related products, transport equipment and components, oil and oil products, etc. The main export partners of the country are the USA, Argentina, the Netherlands and Chile.
Top Imports of Brazil
The top imports of Brazil are manufactured goods like machinery, fuels and lubricants, chemicals and pharmaceutical products, parts and accessories of motor vehicles and tractors, etc. The main import partners of the country are the USA, Argentina, Germany, South Korea and Mexico.