Brazil - Export Development Canada (EDC)
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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 GDP1795.60 Billion USD
Population206.08 Million
Total Trade/GDP27.04%
CurrencyBrazilian Real (BRL)
Merchandise Imports from Canada2,045.42 Million CAD
Canadian direct investment14,358 Million CAD
Main importsIntermediate Products & Raw Materials, Capital Goods, Consumer Goods, Fuels & Lubricants

EDC in Brazil

Canadian companies assisted272
International buyers insured847
Business volume3,693.02 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.  Brazil features a diversified economy and export base, along with a strongly regulated banking system. Brazil offers many opportunities for Canadian companies in a number of sectors, however, expensive tax regimes, heavy bureaucracy and political uncertainty continues to present challenges for Canadian exporters.

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.

 

EDC Representatives

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