Evaluating the market in Brazil

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Brazil

Brazil has the largest economy in Latin America. The country went through a period of recession in 2015-2018, together with a series of political scandals. More recently, it’s approved various reforms that are expected to have a positive impact, but still not at a pace required to lead the country to a sustained period of growth. Brazil is also challenged with poor infrastructure, heavy bureaucracy, political uncertainty and an expensive tax regime. Despite all that, Brazil offers many opportunities for Canadian exporters and investors:
  • a diversified economy and export base;
  • growing investment in selected infrastructure segments;
  • large population and consumer base;
  • a strongly regulated banking system; and
  • significant hydrocarbons, mineral, and agricultural wealth.
Export Development Canada (EDC) serves Canadian companies in Brazil and the Southern Cone (Argentina, Paraguay and Uruguay) through our local representations in Rio de Janeiro and São Paulo.
  • Agriculture 
  • Construction & Infrastructure
  • Forestry (Lumber, Pulp & Paper)
  • Oil and Gas
  • Power

Here’s a helpful tip for doing business in Brazil

Avoid business trips to Brazil during their holidays, especially the popular Carnival (late January to early February) when many businesses are celebrating.

Unlock key contacts in Brazil when you download our Market Entry Advisor Guide.

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