The economy of Brazil is developing and it is the world’s 9th largest free-market economy in terms of the GDP. In 2018, their oil seeds industry achieved an export value of 33.5 billion USD, with the top destinations being the Netherlands, China, Thailand, Spain and Taipei. Following this mark is the country’s mineral fuels sector with its natural gas and crude oil reaching a value of $29.6 billion. The mining industry also backs them up with its iron ore business, which climbed up to $23.6 billion by mostly exporting in Japan, China, Korea, Germany, and the Netherlands. Although not close to its top mark, Brazil also relies on its industrial machinery and steel and iron products. Check the complete report for insights into the region’s sourcing opportunities that are displayed using stats and graphical representations.
