Country Information

Brazil

Nominal GDP (2007)
USD 1,287.4 billion

Population (2007)
189.3 million

Total Trade / GDP
21.8%

Currency
Brazilian real

Merchandise imports from Canada (2007)
CAD 1,398 mn

Main imports
M&E (26%)
Chemicals (16%)

+ more

EDC in Brazil 2008

Canadian companies assisted
268

International buyers insured
593

Business volume (CAD$)
3,405.5 M

Country Information

Brazil

Brazil's dynamic market presents challenges but offers many excellent opportunities to Canadian companies. Expanding exports of Canadian goods and services to Brazil and the increasing levels of two-way investment are reflective of these opportunities. Solid prospects exist across a wide range of sectors, with strong growth opportunities in: oil and gas services; mining equipment and services; telecommunications; automotive; power; and environmental applications.

EDC's Position

Actively seeking new business
Open under all programs, subject to EDC's regular approval criteria

With representation in Sao Paulo and Rio de Janeiro, EDC is actively providing on-the-ground support to Canadian companies doing business in Brazil. Through its regional representatives, EDC has developed strong relationships with major local clients and an extensive network of local contacts to assist Canadian companies. EDC is well positioned to help Canadian companies finance and manage credit risk associated with sales to Brazilian buyers, and to support Canadian investment.

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Contact EDC

1-888-332-7844
latinamerica@edc.ca

EDC Representative for this location

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Top Ten Potential Sectors from EDC’s Trade Opportunities Matrix

Ranking	Brazil	Actual Canadian Exports to Brazil 2008 (CAD$)	Canada's Share of Brazil Imports (%) (1)	Domestic Market Growth Forecast 2009 (%)	Domestic Market Growth Forecast 2010 (%)
1	ISIC 23 & 29 - Metals, ores, non-matallic minerals Brazil	443,095,891	11.47	7.3	20.1
2	ISIC 21 & 22 - Energy (oil and gas) Brazil	594,737,157	1.87	5.1	49.7
3	ISIC 341 - Paper & Products Brazil	275,771,607	18.22	16.9	23.4
4	ISIC 1 - Agriculture, Hunting, Forestry, Fishing Brazil	194,198,086	1.14	52.6	27
5	ISIC 371 - Iron & Steel Brazil	105,400,841	0.19	-25	36.5
6	ISIC 383 - Electrical & Electronic Products Brazil	87,739,106	0.59	19	9.4
7	ISIC 3829 - Other Machinery & Equipment Brazil	77,698,190	1.06	36.5	20.1
8	ISIC 351 - Industrial Chemicals Brazil	142,242,683	0.51	21.8	47.3
9	ISIC 3821 - Engines & Turbines Brazil	44,263,966	0.73	52.6	32.6
10	ISIC 372 - Non-Ferrous Metals Brazil	22,251,541	1.94	18.5	19.2
Where does this information come from? The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports. TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters. Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries. TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge. Please refer to the TOM background paper for additional details.