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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 GDP2,242.20 Billion USD
Population201.03 Million
Total Trade/GDP27.64%
CurrencyBrazilian Real (BRL)
Merchandise Imports from Canada2,472.39 Million CAD
Canadian direct investment11,053 Million CAD
Main importsIntermediate, Capital and Consumer Goods, Fuels

EDC in Brazil

Canadian companies assisted338
International buyers insured861
Business volume2,088.76 Million CAD

Business Environment

Brazil's dynamic market presents some challenges but offers many excellent opportunities for Canadian companies. Reflective of these opportunities are the expanding exports of Canadian goods and services to Brazil and the increasing level of two-way investment. There are prospects in a wide range of sectors that match Canadian strengths, such as telecom and infrastructure. Brazil's fiscal policies and macroeconomic reforms have provided its economy with a solid base making it a key economic power in the region. It is expected that the reforms and measures to support growth through investment in infrastructure and support for lending and investment funding will continue throughout the current administration. Although foreign trade only represents about a quarter of its GDP, Brazil is among the 20 top world exporters.

Key Industries

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