Brazil is a significant market. With an area of 8.5 million square kilometers and a population of more than 207 million people, 85 percent of whom live in cities, exporting to Brazil is a good option since it is a country with a strong consumption potential.
Brazil is the world’s tenth-largest economy. In 2022, its GDP was $3.585 billion USD, which highly increased from the previous year. Over the next several years, it is projected that this economic success will be sustained and expanded and that Brazil will reclaim its role as Mercosur’s driving force.
The Brazilian population’s purchasing potential, as well as the country’s economic leadership in Mercosur, make it an appealing market for businesses looking to sell their goods.
The exporter who wishes to sell his goods in Brazil must be aware of the procedures and regulations that must be followed, particularly those relating to administrative and customs rules.
Refined Petroleum, Vehicle Parts, Pesticides, Integrated Circuits, and Packaged Medicine are Brazil’s top imports, with the majority coming from China, the United States, Germany, Argentina, and South Kore.
Pesticides, Mineral or Chemical Fertilizers, Malt, Phosphatic Fertilizers, and Hydrazine or Hydroxylamine Derivatives were Brazil’s top imports in 2021.