The economy of Brazil is the world's eighth largest economy by nominal GDP and eighth largest by purchasing power parity. The Brazilian economy is characterized by a mixed economy that relies on import substitution to achieve economic growth. Brazil's economy growth decelerated in 2013 and the country entered a recession in 2014. In 2017, however, the economy started to recover, with a 1% GDP growth in the first quarter. Main industries of Brazil are Textiles, shoes, chemicals, cement, lumber,iron ore, tin, steel, aircraft, motor vehicles and parts other machinery and equipment.

Capital City: Brasilia

Currency: Brazilian real (BRL)

Official language: Portuguese

Worldwide share in import(2015): 1.07

Total imports:

US$ 137.552.002.841,00

Top import Commodities: Machinery, Electrical and Transport Equipment, Chemical Products, Oil, Automotive Parts, Electronics.

Top import Partners: European Union (22%), United States (18%), China (17%), Argentina (7%), South Korea (4%), Other (32%).

Trade Organisations: Unasul, WTO, Mercosur, G-20 and others.

Top Ports: Port of Rio Grande, Port of Itajaí, Port of Paranagua, Port of Rio de Janeiro, Port of Vitoria.

Worldwide share in export(2015): 1.16

Total exports:

US$ 185.235.400.898,00

Top export Commodities: Transport Equipment, Iron Ore, Soybeans, Footwear, Coffee, Automobiles.

Top export Partners: China 21,8%, European Union 16%, United States 12,3%, Argentina 8%, Japan 2,4%, Other 39%.

Trade Organisations: Unasul, WTO, Mercosur, G-20 and others.

Top Ports: Port of Rio Grande, Port of Itajaí, Port of Paranagua, Port of Rio de Janeiro, Port of Vitoria.

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Main movements of Brazil