Brazil is an advanced developing economy and its most outstanding feature is a widely diversified economy makeup:an impressive output in farming and livestock, a broad range of industries and a dynamic strong tertiary sector of enormous potential of expansion.
The country has an open economy, aiming to boost competition. One of the many examples of the success of this strategy is the EMBRAER, Brazil’s aircraft manufacturer, which has conquered a sizable share of the global commercial aviation market, becoming the world’s fourth largest producer of commercial aircraft. For three and a half decades, the economy has expanded rapidly and a large and diversified industrial sector was developed mainly in the States of São Paulo, Rio de Janeiro and Minas Gerais.
With ample natural resources, Brazil has comparative advantages in many areas, especially in the agribusiness area of coffee, soybeans, sugar, oranges, cocoa, cereals, livestock etc. as well as in mineral and metal production (iron, alluminun, steel etc.).
TRADE
Brazil is among the top thirty traders in the world, selling a huge range of products to almost every country in the globe.
The following statistics in million US$ illustrate trade between Brazil and Trinidad Tobago in the last four years:
Year |
Exports
to T.T. |
Imports
from T.T. |
Balance |
2000 |
92.565.705 |
44.156.739 |
48.408.966 |
2001 |
96.905.884 |
13.294.476 |
83.611.408 |
2002 |
144.677.837 |
25.722.736 |
118.955.101 |
2003 |
223.088.706 |
44.622.514 |
178.466.192 |
2004 |
538.170.166 |
48.652.563 |
489.517.603 |
2005 |
690.575.439 |
95.469.859 |
595.105.580 |
2006 |
555.289.594 |
108.497.654 |
446.791.940 |
2007 |
690.454.400 |
113.221.229 |
803.675.669 |
(Source: MDIC/SECEX)
MAIN PRODUCTS:
Aircraft, bauxite, beef, cellulose, cereal, coffee, cocoa, crude oil
and petrochemicals, diamonds, furniture, gold, households appliances, hydroelectric power engines, iron ore, manganese, motor vehicles, nickel, orange juice, phosphates, platinum, processed food, quartz crystals, rubber, shoes, silver, soybeans, steel, sugar, textiles, timber, titanium, uranium and zinc.
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