Brazil

About

Brazil is the fifth largest country in the world; in terms of population as well as land area. Brazil’s economy is the fourth largest in South America and is expanding its presence in world markets (2;3;14).

The Rio Carnival in Rio de Janeiro is one of the most famous attractions in Brazil. It attracts thousands of tourists yearly, but it is also a tradition for Brazilians who often spend the year prior to the Carnival preparing for it (3).

Brazil’s natural resources include bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber, aluminum, manganese, copper and coal (1;3). Brazil economy is structured as followed (in % of GDP): agriculture 5.5%, industry 27.5%, and services 67.0% (2017) (14).

Brazil’s agriculture products include coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef (1); and its industries include textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment (1).

Brazil’s top exports commodities include oil seeds, mineral fuels including oil, ores, slag, ash, machinery including computers, meat, vehicles, iron, steel, woodpulp, food industry waste, animal fodder, sugar, sugar confectionery (15).

Brazil’s top imports commodities include mineral fuels including oil, electrical machinery, equipment, machinery including computers, vehicles, organic chemicals, ships, boats, fertilizers, plastics, plastic articles, pharmaceuticals, optical, technical and medical apparatus (16).

Brazil’s main ports and terminals are Ponta de Madeira, Ilha Guaiba, Paranagua, Rio Grande, Santos, Port of Itaguai, Tubarao, Santos, Trombetas, Angra dos Reis and Itagui (17).

Trade Statistics
Brazil was the United States' 9th largest goods export market in 2018 (5). In 2013, Brazil was the United States' 7th largest goods export market and 16th largest supplier of goods imports (5;7). In 2012, United-States was Brazil’s 2nd main export partner (13).
Florida’s top exports to Brazil: Civilian Aircraft, Engines, And Parts, Electronic Integrated Circuits & Microassembl, Electric Apparatus For Line Telephony, Automatic Data Process Machines, Magnetic Readers, Medical, Surgical, Dental Or Vet Instruments, Medicaments Nesoi. Florida’s top imports from Brazil: Expts of Artic Imptd For Repairs, Impts Of Artic Exptd Returned, Ethyl Alcohol, Alcohol, Denat , Aircraft, Powered, Spacecraft & Launch Vehicles, Chemical Wood pulp, Soda, Coffee, Fruit Juices (6).
Brazil owns one company in Tampa Bay: Gerdau Long Steel North America (10).
On October 25, 2013, Mayor Bob Buckhorn and Porto Alegre Mayor Fortunati signed the new Sister City agreement between the cities of Tampa and Porto Alegre (8).

Trade Numbers

United States’ goods and services trade with Brazil in 2018: $103.9 billion (5)
United States’ goods import from Brazil in 2018: $37.5 billion (5)
United States’ goods exports to Brazil in 2018: $66.4 billion (5)
The United States goods trade surplus with Brazil was $8.3 billion in 2018, a 7.2 percent increase ($563 million) over 2017 (5)
The U.S. services trade surplus with Brazil was $21 billion with Brazil in 2018, a 7.1% increase from 2017 (5)
Florida’s merchandise exports to Brazil in 2018: 14,698.0 Million of US Dollars (6)
Florida’s merchandise imports from Brazil in 2018: 5,707.7 Million of US Dollars (6)
Total Merchandise Trade between Florida and Brazil in 2013: $20,405.7 Million of US Dollars (6)

Export Companies (9;10;11)

One Brazilian Company in Tampa Bay: Gerdau Long Steel North America
NAICS Titles: Iron & Steel Mills
Business: Steel production and recycling
Number of Employees at the headquarters location: 1 000 to 5 000
Address: 4221 W. Boy Scout Blvd., Suite 600, Tampa, FL 33607
Number: (813) 286-8383
Website: http://www.gerdau.com/longsteel/

References

1. http://www.infoplease.com/country/brazil.html?pageno=10

2. http://worldfacts.us/Brazil.htm

3. http://geography.about.com/od/brazilmaps/a/brazilfacts.htm

4. https://www.cia.gov/library/publications/the-world-factbook/geos/br.html

5. http://www.ustr.gov/countries-regions/americas/brazil

6. http://www.enterpriseflorida.com/wp-content/uploads/profile-fl-top-trade-partners-brazil.pdf

7. http://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html

8. http://www.tampagov.net/appl_tampa_announcements/ViewRelease.asp?ReleaseID=10753

9. http://www.tampabay.com/specials/2008/reports/local-companies/GNA.shtml

10. http://partnership.tampabay.org/documents/2011%20FDI%20STUDY.pdf

11.http://www.tampabay.org/sites/default/files/NEW%202011%20FDI%20STUDY_0.pdf