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Market Information: Brazil

Profile

Capital:        
Brasília

Population:    
202.76 million

Language(s):    
Portuguese

Government:    
Federation

Head of State & Government:
President Dilma Rousseff

Currency:  Brazilian Real (BRL)
CDN$1 = 2.49 BRL (April 2015)

GDP: (billion)
$2,598.84 (2014)

GDP per capita:
$12,816.75 (2014)

GDP growth rate:
0.15% (2014)

Unemployment:
4.8% (2014)

Inflation:
6.33% (2014)

Market opportunities

  • Aerospace
  • Agricultural Machinery
  • Agricultural Technology and Equipment
  • Clean Technologies
  • Education
  • Information and Communication Technology (ICT)
  • Infrastructure, Building Products and Related Services
  • Oil and Gas

Trade and investment

  • Manitoba-Brazil two-way trade was more than $55.0 million in 2014.
  • In 2014, Brazil was the 29th largest destination for Manitoba’s domestic exports.
  • In 2014, Manitoba exports to Brazil exceeded $34.3 million. Main export products included: wheat, harvesting/threshing machinery, magnetic/optical readers, printed articles and oil seeds/oleaginous fruits.
  • Manitoba imported $20.7 million worth of goods from Brazil in 2014. Top imported products included:  iron/steel structures, self-propelled bulldozers, tractors, worked monumental/building stones and engine parts.
  • Manitoba accounted for approximately 1.7% of Canada’s exports to Brazil in 2014.