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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 GDP1772.30 Billion USD
Population204.45 Million
Total Trade/GDP27.37%
CurrencyBrazilian Real (BRL)
Merchandise Imports from Canada2250.19 Million CAD
Canadian direct investment12,620 Million CAD
Main importsIntermediate, Capital and Consumer Goods, Fuels

EDC in Brazil

Canadian companies assisted352
International buyers insured491
Business volume3,311.67 Million CAD

Business Environment

Brazil, the largest economy in the region, has faced deterioration in its macroeconomic, investment and political environment, with high inflation, a depreciating currency and economic contraction. Significant political changes are expected by September 2016, with a high probability of a new favorable political and business environment, potentially leading to market friendly reforms. 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 political uncertainty continue to present challenges for Canadian exporters and investors.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Forestry (Lumber, Pulp & Paper)
  • Oil and Gas
  • Power

How we can support your business

Through our representation 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.

Consult our interactive Country Risk Quarterly report.


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