Country Information Export Development Canada South and Central America and the Caribbean

Brazil

Brazil is the largest country in South America and offers opportunities for Canadian companies in a number of sectors.

Country Info | Brazil

Evaluating the market in Brazil

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position –Low Medium Risk

Low to Medium Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Brazil

Brazil, the largest economy in South America, has faced deterioration in its macroeconomic, investment and political environment, with high inflation, a depreciating currency and economic contraction. Despite this, 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. EDC serves Canadian companies in Brazil through our local representation in Rio de Janeiro and São Paulo.
  • Agriculture 
  • Construction & Infrastructure
  • Forestry (Lumber, Pulp & Paper)
  • Oil and Gas
  • Power

You should also check out

Doing Business in Brazil

Doing business in Brazil

This comprehensive guide covers all the exporting and investment basics of doing business in Brazil, the largest economy in Latin America.

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.

International Trade Solutions

We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy Senior Trade Advisor, EDC