Country profile
Brazil
Latin America's largest economy and a top exporter of oil, soybeans, iron ore, meat and coffee.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Brasília
- Population
- 214.1 million (2026)
- Currency
- Brazilian real (BRL)
- GDP, 2026
- US$2.65 trillion
- Exports, 2025
- US$348.7 billion
- Exchange rate
- 1 USD = 5.59 BRL (10 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
2.2%Real GDP growth, 2026
1.9%Real GDP growth, 2027
4.4%Inflation, 2026
6.2%Unemployment, 2026
97% of GDPGovernment debt, 2026
-2.4% of GDPCurrent account, 2026
Compare Brazil with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- China (28.7%)
- United States (10.9%)
- Argentina (5.2%)
- Netherlands (3.4%)
- Spain (2.5%)
Main exports
Product groups, share of exports
- Mineral fuels, including crude oil (16.1%)
- Oil seeds, mainly soybeans (12.8%)
- Ores, mainly iron ore (10%)
- Meat (8.6%)
- Coffee, tea and spices (4.5%)
Main trade agreements
- Mercosur (with Argentina, Paraguay and Uruguay)
- Mercosur agreements with Israel, Egypt and Singapore
- EU–Mercosur and EFTA–Mercosur agreements (concluded; entry into force subject to ratification)
Trade policy to watch
- Mercosur common external tariff: Brazil applies Mercosur import duties, which are high for many industrial goods.
- Tax reform: Brazil is replacing several consumption taxes with a dual VAT (CBS and IBS) in phases from 2026 to 2033.
- China: China takes almost 29% of Brazilian exports, mostly soybeans, iron ore, oil and meat.
Energy
Hydropower produces most of Brazil's electricity, and wind and solar are growing fast. Brazil is a large oil producer from offshore pre-salt fields and a major producer of sugarcane ethanol.
What it means for your supply chain
- Import duties and taxes make imported parts expensive; many buyers source locally or through Mercosur.
- Brazil is a key source for iron ore, pulp, soybeans, meat, coffee and aircraft.
- Plan for the real’s volatility and for port and road bottlenecks at harvest time.
Brazil in the Supplier Hub
4 companies in the Supplier Hub are listed under Brazil.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- World’s Top Exports: export markets and main exports.
- Bank of Canada, daily exchange rates (cross rates calculated from CAD rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.