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Brazil

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag - Brazil
Map - Brazil

Country Facts

Nominal GDP2,346 Billion USD
Population202.80 Million
Total Trade/GDP25.79%
CurrencyBrazilian Real (BRL)
Merchandise Imports from Canada2,175.90 Million CAD
Canadian direct investment10,318 Million CAD
Main importsIntermediate, Capital and Consumer Goods, Fuels

EDC in Brazil

Canadian companies assisted353
International buyers insured896
Business volume3,137.57 Million CAD

Business Environment

Brazil, the largest economy in the region, has faced deterioration in its macroeconomic, investment and political environment, with increased inflation rates and negative growth. However, reforms are impending and results will likely be seen in 2016/2017. Brazil features a diversified economy and export base, along with a solid, strongly regulated banking system. Although foreign trade only represents about 20% of its GDP, Brazil is the second largest exporter in Latin America. Brazil presents many opportunities for Canadian companies in a number of sectors, however, expensive tax regimes, heavy bureaucracy and strong local and foreign competition continue to present challenges for Canadian exporters and investors. In order to succeed in Brazil, Canadian companies must be prepared to establish a local presence, be committed over the long-term, and adapt to the rigorous market requirements.

Key Industries

  • Automotive & Heavy Truck
  • Construction & Infrastructure
  • Mining & Metals
  • Oil and Gas
  • Power
  • Telecom

How we can support your business

Through our representations in Rio de Janeiro and Sao Paulo, Brazil, we provide on-the-ground support to Canadian companies planning on or currently doing business in Brazil. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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