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Export Market

Brazil

ISO: BR / BRA

Country Profile

Capital Brasília
Population 213.4M
GDP $2.19T (2024)
GDP per Capita $10,311
Income Level Upper-Middle Income
Currency Brazilian real (BRL R$)
Language Portuguese
Timezone UTC-05:00
Region South America

Trade Partners

Brazil Exports To

  • China 30.0%
  • USA 10.0%
  • Argentina 5.0%
  • Netherlands 3.0%
  • Chile 2.0%

Key exports: soybeans, crude petroleum, iron ore, raw sugar, corn (2023)

Brazil Imports From

  • China 23.0%
  • USA 16.0%
  • Germany 5.0%
  • Argentina 5.0%
  • Russia 4.0%

Key imports: refined petroleum, fertilizers, crude petroleum, vehicle parts/accessories, gas turbines (2023)

Economic Overview

upper-middle-income, largest Latin American economy; Mercosur, BRICS, G20 member and OECD accession candidate; growth driven by strong domestic consumption; monetary tightening helping curb inflation rate; high inequality in income and access to health and education

Government: federal presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Brazil. Standard WTO terms apply.

Trade Barriers

16 active barriers affecting UK exporters

Lack of health technology assessment (HTA) framework for monitoring and valuation of drugs in Brazil

Brazil's HTA process, led by the National Committee for Health Technology Incorporation (Conitec), lacks a clear framework to monitor and valuate drugs after they are incorporated into the national healthcare system. This limits Brazil's ability to establish risk-sharing agreements and …

Sectors: Healthcare services, Pharmaceuticals and biotechnology

Reported: 15 Feb 2024

Restriction of over-the-counter (OTC) medicine sales in Brazil

Brazil currently restricts the sale of OTC medicines to pharmacies. Allowing OTC medicines to be sold in supermarkets and similar outlets will expand distribution channels and sales for UK pharmaceutical companies.

Sectors: Consumer and retail, Pharmaceuticals and biotechnology

Reported: 23 Dec 2022

Limitations on legal service exports to Brazil

The Brazilian legal services market is very restrictive for UK lawyers and law firms to access. In particular there are issues around UK qualified lawyers and UK law firms entering into partnership with Brazilian law firms; employing and being employed …

Sectors: Financial and professional services

Reported: 3 Feb 2021

Limits of overseas investment for closed pension funds in Brazil

There is a 10% limit on overseas investments for Brazil's closed pension funds (equivalent to UK workplace pensions). Increasing the overseas investment limit will enable more business opportunities for UK financial service firms.

Sectors: Financial and professional services

Reported: 11 Jan 2021

Divergence of analytical parameters for compliance in Brazil affecting the UK alcoholic drinks exporters/investors for whisky

The existing rules for analytical parameters for whisky establishes maximum limit of specific components that differs from their usual production standards for single malt Scotch whiskies.

Sectors: Food and drink

Reported: 17 Feb 2020

View all 16 barriers on GOV.UK →

Geographic Region

Latin America and Caribbean

Trading Bloc Memberships

Brazil is a member of the following trade agreements and economic blocs.

Mercosur Southern Common Market Customs Union

Export Guidance

Relevant guidance for exporting to Brazil.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇷 Argentina 🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇴 Bolivia 🇨🇱 Chile FTA 🇨🇴 Colombia FTA 🇨🇷 Costa Rica FTA

Official Resources

Government export support for Brazil.

great.gov.uk Market Guide → GOV.UK Country Information →
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