BRAZIL – ECONOMIC OVERVIEW & TRADE ANALYSIS
EIP/MTR/008/04/2016
(MARKET REPORT)
Export Initiatives & Partnerships Division,
Phone: +9714-4455333; Fax: +9714-4455355
E-mail: [email protected]; Web: www.dedc.gov.ae
PO Box 123336, Dubai – UAE
Primary Information Sources:
Prepared – April, 2016
Disclaimer: While all attempts have been made to collect & present accurate information, DE makes no warranty, express or implied, as to the fitness,
appropriateness of the above information for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any contained information.
All 3rd. party information sourced are either through subscriptions of the organization or information freely available on the internet.
TABLE OF CONTENTS
#
Description
Page
1
Brazil Economic Overview (Trading Economics)
3
2
WTO Trade Profile (World Trade Organization)
6
3
Economic Freedom Score (Heritage Foundation)
7
4
Top Products imported by Brazil and Main Sourcing
Countries (ITC Trade Map)
9
5
Top Products imported by Brazil From UAE (ITC Trade
Map)
17
6
Doing Business In Brazil (World Bank)
19
Brazil: Economic Overview
Brazil is the eighth largest economy in the world and the largest in Latin America. In recent years,
the country has been one of the fastest-growing economies in the world primarily due to its export
potential. The country’s trade is driven by its extensive natural resources and diverse agricultural
and manufacturing production. Also, rising domestic demand, increasingly skilled workforce along
with scientific and technological development, have attracted foreign direct investment. However,
bureaucracy, corruption and weak infrastructure remain the biggest obstacles to economic
development.
Brazil GDP Annual Growth Rate
The Brazilian economy contracted 5.9 percent year-on-year in the last quarter of 2015 accelerating
from a 4.5 percent fall in the previous period. It was the seventh consecutive quarter of contraction
and the worst since 1991, as investment and consumption dropped sharply. Considering full 2015,
GDP shrank 3.8 percent. GDP Annual Growth Rate in Brazil averaged 2.87 percent from 1991
until 2015, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low
of -5.90 percent in the fourth quarter of 2015. GDP Annual Growth Rate in Brazil is reported by the
Instituto Brasileiro de Geografia e Estatística (IBGE).
Brazil GDP per capita
The Gross Domestic Product per capita in Brazil was last recorded at 5969.68 US dollars in 2014.
The GDP per Capita in Brazil is equivalent to 47 percent of the world's average. GDP per capita in
Brazil averaged 3831.59 USD from 1960 until 2014, reaching an all time high of 6010.79 USD in
2013 and a record low of 1706.13 USD in 1960. GDP per capita in Brazil is reported by the World
Bank.
Ease of Doing Business in Brazil
Ease of Doing Business in Brazil deteriorated to 116 in 2015 from 111 in 2014. Ease of Doing
Business in Brazil averaged 120.38 from 2008 until 2015, reaching an all time high of 129 in 2009
and a record low of 111 in 2014. Ease of Doing Business in Brazil is reported by the World
Bank. The Ease of doing business index ranks countries against each other based on how the
regulatory environment is conducive to business operation stronger protections of property rights.
Economies with a high rank (1 to 20) have simpler and friendlier regulations for businesses.
Brazil Balance of Trade
Brazil recorded a $3.04 billion trade surplus in February of 2016 compared to a $2.84 million deficit
a year earlier and beating market expectations of $2.57 billion. It was the twelfth consecutive trade
surplus as a weaker real continued to drag imports down. Balance of Trade in Brazil averaged
663.15 USD Million from 1959 until 2016, reaching an all time high of 6240 USD Million in
December of 2015 and a record low of -4058.14 USD Million in January of 2014. Balance of Trade
in Brazil is reported by the Ministério do Desenvolvimento, Indústria e Comércio Exterior.
Brazil Exports
Exports from Brazil increased by 10.4 percent to $13.35 billion in February of 2016 from $12.09
billion in the same month of the previous year. Exports in Brazil averaged 4402.54 USD Million
from 1954 until 2016, reaching an all time high of 26158.51 USD Million in August of 2011 and a
record low of 75.06 USD Million in January of 1965. Exports in Brazil is reported by the Ministério
do Desenvolvimento, Indústria e Comércio Exterior. Brazil has an export-oriented economy,
dependent on the shipments of raw material (46 percent of total exports) and manufactured goods
(38 percent). The country exports mainly: soybeans and related soy products (15 percent of total
exports); transport equipment and components (10 percent), oil and oil products (9 percent), meat
(8 percent), iron ore (7 percent), chemical products (7 percent) and metal products (7 percent).
Main exports partners are: China (19 percent of total exports), the United States (13 percent),
Argentina (7 percent), the Netherlands (5 percent), Germany and Japan (3 percent each).
Brazil Imports
Imports to Brazil dropped 31 percent to $10.31 billion in February of 2016 from $14.93 billion in
the same month of the previous year. Imports in Brazil averaged 4110.66 USD Million from 1959
until 2016, reaching an all time high of 23050.46 USD Million in October of 2013 and a record low
of 67 USD Million in March of 1965. Imports in Brazil is reported by the Ministério do
Desenvolvimento, Indústria e Comércio Exterior. Brazil main imports are: raw material and
intermediate products (47 percent of the total imports, of which chemical products account for 14
percent), capital goods (22 percent, of which machinery accounts for 6 percent), fuels and
lubricants (13 percent), durable consumer goods (9 percent, of which passenger cars account for
3 percent) and non-durable consumer goods (9 percent, of which pharmaceutical products and
food account for 3 percent each). Main import partners are China (18 percent), the United States
(15 percent), Germany and Argentina (6 percent each) and South Korea (3 percent).
Source: Trading Economics, http://www.tradingeconomics.com/brazil/
3/28/2016
stat.wto.org/CountryProfiles/BR_e.htm
September 2015
Brazil
BASIC INDICATORS
Population (thousands, 2014)
GDP (million current US$, 2014)
GDP (million current PPP US$, 2014)
Current account balance (million US$, 2014)
Trade per capita (US$, 2012-2014)
Trade to GDP ratio (2012-2014)
202 034
2 346 118
3 263 866
- 103 981
2 936
24.7
Exports of goods and services (volume, 2010=100)
Imports of goods and services (volume, 2010=100)
TRADE POL ICY
WTO accessio n
Trad e Po licy Review
GPA accessio n Tariffs an d d u ty free imp o rts
Tariff binding coverage (%) 1 January 1995
24, 26 June 2013
100
Final bound Applied 2014
31.4
35.4
30.8
0.0
MFN duty free imports (%, 2013)
in agricultural goods (AOA)
in non-agricultural goods
Services secto rs with GATS co mmitmen ts
MERCHANDISE TRADE 13.5
10.2
14.1
0.0
3.0
33.5
43
2014 225 101
239 150
39.0
24.4
33.3
COMMERCIAL SERVICES TRADE 2014
0
-1
-1
Co n trib u tio n to WTO b u d g et (%, 2015)
1.281
Imp o rt d u ties co llected (%, 2011-2013)
in total tax revenue
2.7
to total imports
5.3
Nu mb er o f n o tificatio n s to WTO an d measu res in fo rce Outstanding notifications in WTO Central Registry
Goods RTAs - services EIAs notified to WTO
Anti-dumping (30 June 2015)
Countervailing duties (30 June 2015)
Safeguards
Nu mb er o f d isp u tes (complainant - defendant) Requests for consultation
Original panel / Appellate Body (AB) reports
Compliance panel / AB reports (Article 21.5 DSU)
Arbitration awards (Article 22.6 DSU)
13
5 - 1
89
...
2
27 - 16
12 - 3
2 - 2
1 - 4
Annual percentage change
2010-2014
3
6
2013
0
7
2014
-7
-5
18.7
18.1
12.1
6.3
3.0
2014 39 210 85 834 2014
1.25
Breakd o wn in eco n o my's to tal imp o rts
By main commodity group (ITS)
Agricultural products
Fuels and mining products
Manufactures
By main origin
1. European Union (28)
2. China
3. United States
4. Argentina
5. Nigeria
Value
Commercial services exports (million US$)
Commercial services imports (million US$)
5.9
22.5
71.6
20.4
16.3
15.4
6.2
4.1
Annual percentage change
2010-2014
7
10
2013
-2
7
2014
5
3
2014 0.79 Sh are in wo rld to tal imp o rts
Sh are in wo rld to tal exp o rts
Breakd o wn in eco n o my's to tal exp o rts
http://stat.wto.org/CountryProfiles/BR_e.htm/
2013
3
2
8
2014 1.18 Sh are in wo rld to tal imp o rts Sh are in wo rld to tal exp o rts By principal services item
Goods-related services
Transportation
Travel
Other commercial services
2010-2014
2
2
4
Value
Merchandise exports, f.o.b. (million US$)
Merchandise imports, c.i.f. (million US$)
Breakd o wn in eco n o my's to tal exp o rts
By main commodity group (ITS)
Agricultural products
Fuels and mining products
Manufactures
By main destination
1. European Union (28)
2. China
3. United States
4. Argentina
5. Japan
Imports
22
16
17
11
Exports
25
19
32
19
Annual percentage change
2014 109
106
117
Real GDP (2010=100)
MFN tariffs
Simple average of import duties
All goods
Agricultural goods (AOA)
Non-agricultural goods
Non ad-valorem duties (% total tariff lines)
Ran k in wo rld trad e, 2014
Merchandise excluding intra-EU trade
Commercial services
excluding intra-EU trade
2014
1.79
Breakd o wn in eco n o my's to tal imp o rts
1.0
14.9
17.5
66.7
By principal services item
Goods-related services
Transportation
Travel
Other commercial services
0.2
17.4
29.8
52.6
BRAZIL
Economic Freedom Score
25
World Rank:
122
Regional Rank:
21
Least
free 0
razil’s limited experiment with market-oriented reforms
Bstate’s
has been uneven and even derailed in some areas. The
presence in such sectors as energy, financial services,
50
75
Most
100 free
56.5
Freedom Trend
59
and electricity remains extensive. The legacy of decades
of central planning, state meddling in economic activity
continues even where it has demonstrably failed, and the
weak rule of law further undermines economic progress.
ECONOMIC FREEDOM SNAPSHOT
• 2016 Economic Freedom Score: 56.5 (down 0.1 point)
• Economic Freedom Status: Mostly Unfree
• Global Ranking: 122nd
• Regional Ranking: 21st in the South and Central America/
Caribbean Region
• Notable Successes: Trade Freedom
• Concerns: Corruption, Management of Public Finance, and
Regulatory Efficiency
• Overall Score Change Since 2012: –1.4
The onerous regulatory environment hinders needed economic transformation and undercuts realization of the
economy’s full potential. Growing public debt and higher
debt service costs have kept fiscal pressure high, and burdensome taxes further crowd out private-sector growth.
BACKGROUND: President Dilma Rousseff of the leftist Workers’ Party began her second term in January 2015. A recession, fiscal and monetary belt-tightening, and a far-reaching
kickback scheme involving her party and the state-controlled
Petróleo Brasileiro oil company sent her approval rating plummeting. Brazil has poor public services, antiquated and insufficient infrastructure, and high tax rates. In recent years,
inflation has surged again. Growth is sluggish, but Brazil’s
“Bolsa Família” conditional cash transfer program for the poor
has won support in some sectors. Brazil is the world’s seventhlargest economy, and its population of almost 200 million is
heavily concentrated on the Atlantic coast. Since the advent
of the monetary “real plan” in the 1990s and the end of hyperinflation, the poverty rate has dropped, but heavy government
intervention in the economy continues to limit development.
How Do We Measure Economic Freedom?
See page 467 for an explanation of the methodology
or visit the Index Web site at heritage.org/index.
58
57
56
55
2012
2013
2014
2015
2016
Country Comparisons
56.5
Country
World
Average
60.7
Regional
Average
59.8
Free
Economies
83.9
0
20
40
60
80
100
Quick Facts
Population: 202.8 million
GDP (PPP): $3.3 trillion
0.1% growth in 2014
5-year compound annual growth 3.2%
$16,096 per capita
Unemployment: 6.8%
Inflation (CPI): 6.3%
FDI Inflow: $62.5 billion
Public Debt: 65.2% of GDP
2014 data unless otherwise noted.
Data compiled as of September 2015.
BRAZIL (continued)
THE TEN ECONOMIC FREEDOMS
Score
RULE OF
LAW
Property Rights
Freedom from Corruption
Country
World Average
45.0
43.0
0
20
40
60
80
Rank
1–Year
Change
65th
71st
–5.0
+1.0
100
Graft remains endemic, and Brazilians disapprove of President Dilma Rousseff’s policies on
corruption and crime. In 2014, a former director of state-owned Petrobas accused more than
40 politicians, including one minister and three governors, in a massive kickback investigation. Brazil’s judiciary is inefficient and subject to political and economic influence. The court
system is overburdened, and contract disputes can be lengthy and complex.
Fiscal Freedom 69.7
GOVERNMENT
Government Spending 55.2
SIZE
141st
129th
0
20
40
60
80
+1.3
+4.3
100
The income tax rate is 27.5 percent. The standard corporate tax rate is 15 percent, but a financial transactions tax, 10 percent surtax, and 9 percent social contribution on net profits bring
the effective rate to 34 percent. The overall tax burden amounts to 33.4 percent of GDP. Public
spending equals over one-third of GDP, and fiscal stimulus efforts have increased chronic deficits. Public debt equals about 65 percent of GDP.
REGULATORY
EFFICIENCY
Business Freedom
Labor Freedom
Monetary Freedom
61.4
52.5
64.2
109th
125th
172nd
0
20
40
60
80
+7.8
+0.4
–5.2
100
Bureaucratic hurdles remain common, including lengthy processes for launching a business
and obtaining permits. The non-salary cost of employing a worker adds to the cost of doing
business, and labor regulations remain stringent. In 2015, surging state-administered prices
for gasoline, electricity, and transport—all heavily subsidized before the 2014 presidential election—caused inflation to reach its highest level in over a decade.
OPEN
MARKETS
Trade Freedom
Investment Freedom
Financial Freedom
69.4
55.0
50.0
134th
102nd
72nd
0
20
40
60
80
–0.2
+5.0
–10.0
100
Brazil’s average tariff rate is 7.8 percent. Brazilians may not import used consumer goods
like cars and clothing. Government procurement policies favor domestic companies. Foreign
investment in agricultural land is restricted. Brazil has the region’s largest financial services
market. The state’s role in credit markets has grown since 2008, and public banks now account
for over 50 percent of loans to the private sector.
Long-Term Score Change (since 1995)
GOVERNMENT
SIZE
RULE OF LAW
Property Rights
Freedom from
Corruption
–5.0
–7.0
Fiscal Freedom
Government
Spending
–7.0
–19.2
REGULATORY
EFFICIENCY
OPEN MARKETS
Business Freedom
+6.4
Labor Freedom
–12.1
Monetary Freedom +64.2
Trade Freedom
+13.0
Investment Freedom +5.0
Financial Freedom
0
2016 Index of Economic Freedom
Top products at 4 digits HS level imported by Brazil in 2014‐15 and Exporting Countries Sources: ITC calculations based on UN COMTRADE statistics.2015 values estimated by Dubai Exports based on last 1 year growth
Code
Product label
TOTA
L
All products
Imported
value 2015
(USD '000)
Est.
Trade Indicators
Trade
Imported
balance
value 2014
2014 (USD
(USD '000)
'000)
Annual value Top Exporters to Brazil for Selected Products
growth 201014 (%, p.a.)
219,897,654
229,060,056
(3,961,651)
5
China
USA
'2710
Petroleum oils, not crude
17,453,741
17,630,041
(13,706,597)
10
USA
India
Argentina
Algeria
'8703
Cars (incl. station wagon)
6,524,262
7,675,602
(4,480,479)
-4
Argentina
Mexico
Germany
'8708
Parts & access of motor vehicles
6,143,410
7,143,500
(4,564,007)
11
Korea
Germany
Argentina
'8517
Electric app for line telephony,incl curr line system
6,415,024
5,677,012
(5,339,293)
12
China
Korea
Vietnam
'8542
Electronic integrated circuits and microassemblies
4,178,144
4,444,834
(4,386,911)
4
Korea
China
Taipei
'3004
Medicament mixtures (not 3002, 3005, 3006), put in dosage
3,645,705
3,682,530
(2,475,686)
4
USA
Germany
France
'3808
3,983,751
3,464,131
(3,138,875)
23
USA
France
China
'3002
Insecticides, fungicides, herbicides packaged for retail
Human & animal blood; antisera, vaccines, toxins, microorganism cultu
3,307,714
3,242,857
(3,174,984)
7
Germany
USA
Switzerland
'8529
Part suitable for use solely/princ with televisions,
2,833,773
3,184,015
(3,158,815)
1
China
Korea
Taipei
'8704
Trucks, motor vehicles for the transport of goods
2,753,746
3,026,095
(1,532,398)
12
Argentina
USA
Uruguay
'3104
Mineral or chemical fertilizers, potassic
2,552,766
2,934,214
(2,920,524)
5
Canada
Belarus
Russia
'3105
Mixtures of..N P K fertilizers
2,891,957
2,754,245
(2,450,572)
22
USA
Russia
Morocco
'8411
2,520,182
2,423,252
(617,290)
8
USA
Canada
France
'2701
Turbo-jets, turbo-propellers and other gas turbines
Coal; briquettes, ovoids & similar solid fuels manufactured
from coal
2,170,357
2,308,890
(2,308,538)
-10
USA
Australia
Columbia
'3102
Mineral or chemical fertilizers, nitrogenous
2,286,278
2,263,642
(2,241,926)
12
Russia
Qatar
Kuwait
'8473
2,114,540
2,157,694
(2,108,788)
7
China
Malaysia
Costa Rica
'2933
Parts&acces of computers & office machines
Heterocyclic compounds with nitrogen hetero-atom; nucleic
acids & thei
1,861,354
2,045,444
(1,897,449)
5
China
Germany
USA
'1001
Wheat and meslin
1,359,338
1,812,451
(1,711,750)
6
USA
Argentina
Uruguay
'8483
Transmission shafts&cranks, bearing housing; gear
1,559,446
1,695,050
(1,102,172)
7
USA
Germany
China
'8471
Automatic data processing machines;optical reader
1,464,106
1,645,063
(1,533,907)
-5
China
USA
Mexico
'3901
Polymers of ethylene, in primary forms
1,782,576
1,550,066
(324,005)
9
USA
Argentina
Thailand
Top products at 4 digits HS level imported by Brazil in 2014‐15 and Exporting Countries Sources: ITC calculations based on UN COMTRADE statistics.2015 values estimated by Dubai Exports based on last 1 year growth
Code
Product label
Imported
value 2015
(USD '000)
Est.
Trade Indicators
Trade
Imported
balance
value 2014
2014 (USD
(USD '000)
'000)
Annual value Top Exporters to Brazil for Selected Products
growth 201014 (%, p.a.)
'9018
Electro-medical apparatus (electro-cardiographs, infra-red
ray app, sy
1,541,528
1,526,265
(1,368,600)
8
USA
Germany
China
'8479
Machines&mech appl having indiv functions, nes
1,380,713
1,453,382
(1,181,236)
10
Germany
Italy
USA
'8409
1,206,895
1,419,877
149,227
3
Germany
Japan
USA
'8481
Part for use solely/principally with the motor engines
Tap,cock,valve for pipe,tank for the like,incl pressure
reducing valve
1,376,263
1,418,828
(714,780)
8
USA
China
Germany
'4011
New pneumatic tires, of rubber
1,110,477
1,354,240
(144,949)
1
China
USA
Argentina
'7403
Refined copper and copper alloys, unwrought
995,910
1,345,824
(1,041,691)
-8
Chile
Peru
India
'8443
1,146,529
1,333,173
(1,242,143)
-7
China
Japan
Malaysia
'8536
Printing machinery; machines for uses ancillary to printing
Electrical app for switchg (ex fuse,switche,etc) not exceedg
1000 volt
1,211,066
1,316,376
(1,085,301)
5
China
USA
Germany
'8414
Air, vacuum pumps; hoods incorp a fan
1,222,474
1,314,488
(472,405)
0
China
USA
Germany
'8504
Electric transformer,static converter (for example rectifiers)
1,111,886
1,111,886
(705,856)
4
China
USA
Germany
'8408
Diesel or semi-diesel engines
1,036,420
1,090,968
(930,224)
11
Argentina
USA
China
'9032
Automatic regulating or controlling instruments
943,600
1,060,225
(872,457)
10
USA
Germany
Japan
'8431
Machinery part (hd 84.25 to 84.30)
973,677
1,035,827
(862,431)
7
USA
China
Italy
'8413
Pumps for liquids; liquid elevators
920,029
1,033,741
(483,770)
3
USA
China
Germany
'8544
Insulated wire/cable
977,120
997,061
(631,030)
10
China
USA
Paraguay
'2603
Copper ores and concentrates
898,672
976,817
828,437
0
Chile
Peru
Canada
'2930
1,099,653
956,220
(954,111)
15
Germany
USA
China
833,983
947,708
(774,043)
6
USA
Germany
China
'8421
Organo-sulphur compounds
Polyacetal,o polyether,epoxide resin,polycarbonate,etc,in
primary form
Centrifuges, incl centrifugal dryers; filtering/purifying
machinery
978,321
931,734
(620,454)
5
USA
Germany
China
'7318
Iron & steel screws,bolts,nuts,coach-screws, etc
825,874
907,554
(786,988)
5
USA
China
Germany
'5402
Synthetic filam yarn, not put up
921,678
886,229
(828,763)
4
India
China
Taipei
'3907
Top products at 4 digits HS level imported by Brazil in 2014‐15 and Exporting Countries Sources: ITC calculations based on UN COMTRADE statistics.2015 values estimated by Dubai Exports based on last 1 year growth
Code
Product label
Imported
value 2015
(USD '000)
Est.
Trade Indicators
Trade
Imported
balance
value 2014
2014 (USD
(USD '000)
'000)
Annual value Top Exporters to Brazil for Selected Products
growth 201014 (%, p.a.)
'7210
Flat-rolled prod of iron or non-al/s wd>/=600mm,clad, plated
or coated
809,398
851,998
(607,927)
-5
China
Korea
Columbia
'8501
Electric motors and generators (excl generating sets)
797,710
830,948
57,576
8
China
USA
Germany
'7601
Unwrought alumimum
3,027,970
822,818
(174,918)
35
Russia
Argentina
Canada
'3926
Article of plastic nes.
788,659
796,625
(669,472)
11
China
USA
Germany
'8415
Air conditioning machines, motor-driven elements
818,921
787,424
(728,680)
3
China
USA
Korea
'9021
Orthopaedic appliances (crutche/surgical belts/trusse)
796,163
780,552
(629,334)
8
USA
Switzerland
Germany
'8482
Ball or roller bearings
676,021
759,574
(610,555)
-2
China
Japan
Germany
'2905
797,522
752,379
(616,227)
6
Trinidad
Venezuela
USA
658,754
716,037
(686,812)
3
USA
Germany
Japan
'8428
Acyclic alcohols and their derivatives
Instruments for physical/chemical analysis;inst for
viscosity,heat,etc
Lifting/handling/loading/unloadg machinery (excl.
lift/escalator/conve
962,341
707,604
(608,862)
14
China
Italy
Netherlands
'7326
Articles of iron or steel nes
709,291
702,268
(439,670)
13
China
USA
Chile
'5407
Woven fabrics of synth. filam yarn (incl. hd no 54.04)
676,131
682,961
(651,959)
12
China
Taipei
Paraguay
'3920
Other plates, sheets, film, foil, tape, strip of plastics etc.
653,425
653,425
(473,940)
6
USA
China
Argentina
'8543
Electrical mach&app having individual function, nes
630,398
649,895
(608,561)
14
China
USA
Germany
'8714
649,740
643,307
(631,276)
5
China
Japan
Thailand
'8407
Parts and accessories of motorcycles & cycles
Engines, spark-ignition reciprocating or rotary int. combust.
Piston
531,426
640,272
(137,070)
16
Korea
Japan
France
'4002
Synthetic rubber&factice from oil
572,581
636,201
(406,715)
0
USA
Russia
Germany
'2931
Organo-inorganic compounds, nes
626,216
620,016
(604,263)
34
China
USA
Germany
'8422
536,813
610,015
(534,440)
7
Italy
Germany
USA
'3904
Dish washing machines; machinery for aerating bottles
Polymers of vinyl chloride/other halogenated olefins, in
primary forms
538,761
605,349
(582,503)
2
'4016
Articles of vulcanised rubber o/t hard rubber, nes
555,164
596,951
(431,280)
7
'9027
Columbia
Argentina
USA
USA
China
Germany
Top products at 4 digits HS level imported by Brazil in 2014‐15 and Exporting Countries Sources: ITC calculations based on UN COMTRADE statistics.2015 values estimated by Dubai Exports based on last 1 year growth
Code
'8477
Product label
Machinery for wrkg rbr/plas/ for the mfr of prod from these
material
Imported
value 2015
(USD '000)
Est.
464,322
Trade Indicators
Trade
Imported
balance
value 2014
2014 (USD
(USD '000)
'000)
595,284
Annual value Top Exporters to Brazil for Selected Products
growth 201014 (%, p.a.)
(541,636)
0
Germany
China
Italy
'9401
Seat (o/t dentists' & barbers' chairs, etc), &part
588,542
594,487
(453,484)
12
China
USA
Korea
'3902
Polymers of propylene or of other olefins,
643,480
590,349
102,391
11
KSA
Argentina
Korea
'1107
Malt, whether or not roasted
648,341
584,091
(582,218)
6
Argentina
Uruguay
Belgium
'8516
Electric instantaneous water heater,space htg; hair dryer
Trunks,suit-cases,camera cases,handbags etc,of
leather,plas,tex etc
628,275
581,736
(530,870)
16
China
Italy
Poland
584,683
567,653
(551,210)
9
China
HongKong
Italy
USA
Germany
Italy
Germany
China
USA
Japan
'4202
'9031
515,180
559,978
(504,563)
7
'8419
Measuring or checking machines, nes
Machinery,plant/lab,involving a change of temp ex
heating,cooking,etc
323,847
558,357
(424,820)
-5
'8429
Self-propelld bulldozer, angledozer, grader, excavator,etc
372,618
556,146
1,334,387
-11
USA
China
'8502
Electric generating sets and rotary converters
309,539
543,050
(395,679)
-11
USA
Italy
China
'8541
556,926
540,705
(512,809)
0
China
UK
Japan
'3923
Diodes/transistors&sim semiconductor devices; etc
Plastic packing goods or closures stoppers, lids, caps,
closures, plas
540,287
529,693
(329,747)
9
Uruguay
China
Paraguay
'2902
Cyclic hydrocarbons
564,195
517,610
58,897
18
USA
Argentina
Turkey
'8534
Printed circuits
507,072
517,420
(512,624)
5
China
Korea
Taipei
'0304
Fish fillets and pieces, fresh, chilled or frozen
546,843
511,068
(506,930)
13
China
Vietnam
Argentina
'8507
Electric accumulator
492,747
507,987
(375,160)
4
China
Korea
Vietnam
'4001
Natural rubber,balata,gutta-percha etc
380,665
494,370
(490,458)
-14
Indonesia
Thailand
Malaysia
'8537
Board & panels, equipped with two/more switches, fuses
464,441
494,086
(253,332)
10
USA
Germany
China
'8539
Electric filament or discharge lamps
434,972
483,302
(472,165)
0
China
Germany
HongKong
'3824
Chemical industry products and residuals nes
469,280
469,280
(287,413)
4
USA
Germany
China
'3103
Mineral or chemical fertilizers, phosphatic
333,453
463,129
(445,325)
3
Morocco
China
Egypt
Top products at 4 digits HS level imported by Brazil in 2014‐15 and Exporting Countries Sources: ITC calculations based on UN COMTRADE statistics.2015 values estimated by Dubai Exports based on last 1 year growth
Code
'8424
'2934
Product label
Mechanical appl. for proj/dispersing/spray;sand blastg
mach,etc
Imported
value 2015
(USD '000)
Est.
Trade Indicators
Trade
Imported
balance
value 2014
2014 (USD
(USD '000)
'000)
Annual value Top Exporters to Brazil for Selected Products
growth 201014 (%, p.a.)
416,613
457,817
(230,864)
6
419,667
456,160
(411,627)
2
5,928,853
452,239
1,530,567
304
474,478
451,884
(47,827)
-6
323,403
449,171
(283,161)
-7
443,605
443,605
(58,161)
35
China
USA
Germany
China
Switzerland
India
China
Japan
USA
China
Finland
USA
Mexico
USA
Chile
Germany
'8503
Heterocyclic compounds, nes
Light vessel,dredger;floating dock;floating/submersible drill
platform
Paper & paperboard, coated with kaolin or other inorganic
substances
Polycarboxylic acids, their anhydrides, halides etc & their
derivative
Parts suitable for use solely/princ with machines of hd no
85.01/85.02
China
USA
'7307
Tube or pipe fittings, of iron or steel
474,968
439,785
(273,552)
14
USA
China
Italy
'8412
Engines and motors, nes
385,387
433,019
(375,874)
6
USA
Germany
China
'0302
498,577
429,808
(415,922)
25
Chile
Uruguay
Canada
'8427
Fish, fresh, whole
Fork-lift trucks;other works trucks fitted with lifting/handling
equip
308,316
428,216
(422,339)
0
USA
China
Germany
'7308
Structures (rods,angle, plates) of iron & steel nes
296,864
418,119
(308,738)
33
Korea
China
Vietnam
'3906
409,289
413,423
(380,950)
7
USA
Japan
China
357,647
411,089
(395,103)
7
China
Korea
USA
361,058
410,293
(369,501)
0
China
USA
Mexico
'2916
Acrylic polymers in primary forms
Microphones&stand;loudspeaker;headphone/earphone;soun
d amplifier set
Other coloring matter;inorganic products used as
luminophores
Unsaturated acyclic & cyclic monocarboxylic acid &
anhydrides, halides
409,887
409,887
(310,168)
4
'3204
Synthetic organic coloring matter & preperations
442,223
398,399
(341,647)
5
'2932
Heterocyclic compounds with oxygen hetero-atom(s) only
405,464
386,156
(379,366)
3
'8905
'4810
'2917
'8518
'3206
China
USA
Germany
India
China
Germany
Germany
China
Mexico
Top products Exported by UAE to Brazil
Sources: ITC calculations based on UN COMTRADE statistics. Code
Product label
All products
Trade Indicators
Annual growth
UAE Share in
Imported value
in value
Brazil's
2014 (USD '000) between 2010imports, %
2014, %, p.a.
501,414
26
0.2
'2710
Petroleum oils, not crude
214,037
49
1.2
'3102
Mineral or chemical fertilizers, nitrogenous
114,336
58
5.1
'2711
47,550
-65
0.6
'8907
Petroleum gases
Floating structure,nes (raft/tank/ coffer-dam / landing
stage)
'7601
Unwrought alumimum
26,399
218
3.2
'3901
18,309
52
1.2
'2503
Polymers of ethylene, in primary forms
Sulphur other than sublimed, precipitated and
colloidal
7,829
-27
2.6
'7005
Float glass&surf grd/polishd glas in sheet
5,578
1
6
'7404
3,826
'4010
Copper waste and scrap
Other plates, sheets, film, foil, tape, strip of plastics
etc.
Polymers of propylene or of other olefins, in primary
forms
Tap,cock,valve for pipe,tank for the like,incl pressure
reducing valve
Conveyor or transmission belts or belting of
vulcanised rubber
'8545
Carbon electrodes / brushes / lamp carbons
'7307
Tube or pipe fittings, of iron or steel
980
200
0.2
'7602
'7226
Aluminum waste and scrap
less than 600mm
972
788
-10
0.9
2.1
'2833
707
0.4
'7312
Sulphates; alums; peroxosulphates (persulphates)
Iron & steel strandd wire,ropes,cables, etc,not
electrically insulated
635
0.5
'3925
Builders' ware of plastics, nes
634
1.8
'8431
624
'3105
Machinery part (hd 84.25 to 84.30)
Mixtures of..nitrogen, phosphorous or potassium
fertilizers
616
0
'4002
Synthetic rubber&factice from oil
529
0.1
'7013
Glassware usd for table,kitchen,toilet office, etc
Centrifuges, incl centrifugal dryers; filtering/purifying
machinery
387
26
0.3
375
-15
0
Ferro-alloys
Containers for compressed or liquefied gas, of iron
or steel
Electric transformer,static converter (for example
rectifiers)
Other coloring matter;inorganic products used as
luminophores
363
Unwrought lead
Flat-rolled products of other alloy steel, of a width of
600mm or more
Machinery,plant/lab,involving a change of temp ex
heating,cooking,etc
'3920
'3902
'8481
'8421
'7202
'7311
'8504
'3206
'7801
'7225
'8419
41,613
35.7
3.8
1,784
-43
0.3
1,728
49
0.3
1,593
70
0.1
1,399
0.9
1,124
344
1.6
-5
0.1
0.2
64
0.7
333
0
282
0.1
265
0.2
264
0.1
253
-36
0
Top products Exported by UAE to Brazil
Sources: ITC calculations based on UN COMTRADE statistics. Code
Product label
Trade Indicators
Annual growth
UAE Share in
Imported value
in value
Brazil's
2014 (USD '000) between 2010imports, %
2014, %, p.a.
221
-46
0.1
'8418
Refrigerator, freezer, etc
'5404
Synth mono>/=67dtex,...,syn tex mat wd<=5mm
221
1.1
'6206
Women's blouses & shirts
211
0.1
'8479
Machines&mech appl having indiv functions, nes
209
-29
0
'6911
202
133
1
'6802
Tableware,kitchenware, of porcelain/china
Workd monumental/building stone&art;mosaic
cube,granules
192
-8
0.4
'7306
Tubes, pipes and hollow profiles of iron or steel, nes
190
'7102
Diamonds, not mounted or set
187
'0806
Grapes, fresh or dried
'8544
Insulated wire/cable
Plate,sheet,strip,rods of vulcanised rubber other than
hard rubber
'4008
'9406
0.1
51
1.1
185
54
0.2
174
264
0
147
0.4
137
'4009
Prefabricated buildings
Tubes, pipes & hoses of vulcanised rubber otner
than hard rubber
124
0
'9403
Other furniture and parts thereof
113
0.1
'3303
Perfumes and toilet waters
105
'8430
Moving/grading/scraping/boring machinery for earth
102
'7308
Structures (rods,angle, plates) of iron & steel nes
95
'3211
Prepared driers
95
-37
-24
0.2
0.1
0
-14
0
4.4
Doing Business 2016
Brazil
THE BUSINESS ENVIRONMENT
The absolute values of the indicators tell another part of
the story (table 1.1). The indicators, on their own or in
comparison with the indicators of a good practice
economy or those of comparator economies in the
region, may reveal bottlenecks reflected in large numbers
of procedures, long delays or high costs. Or they may
reveal unexpected strengths in an area of business
regulation—such as a regulatory process that can be
completed with a small number of procedures in a few
days and at a low cost. Comparison of the economy’s
indicators today with those in the previous year may
show where substantial bottlenecks persist—and where
they are diminishing.
Brazil DB2015
São Paulo DB2016
Rio de Janeiro DB2016
Chile DB2016
Colombia DB2016
Mexico DB2016
174
166
--
--
62
136
84
65
New Zealand (1)
Starting a Business (DTF
Score)
64.33
63.37
59.83
71.36
89.84
77.46
86.13
88.94
New Zealand (99.96)
Procedures (number)
11.0
11.6
11.0
11.0
7.0
11.0
8.0
6.0
New Zealand (1.00)*
Time (days)
83.0
83.6
101.5
54.0
5.5
31.4
11.0
6.3
New Zealand (0.50)
Cost (% of income per
capita)
3.8
4.3
3.7
4.0
0.7
0.7
7.5
17.9
Slovenia (0.00)
Paid-in min. capital (%
of income per capita)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
105 Economies (0.00)*
Dealing with
Construction Permits
(rank)
169
167
--
--
24
176
38
67
Singapore (1)
Dealing with
Construction Permits
(DTF Score)
51.92
51.87
50.42
54.25
78.78
48.29
75.99
71.76
Singapore (92.97)
Procedures (number)
18.2
18.2
19.0
17.0
13.0
22.0
10.0
10.5
5 Economies (7.00)*
Indicator
Starting a Business
(rank)
China DB2016
Brazil DB2016
Best performer globally
DB2016
Table 1.1 Summary of Doing Business indicators for Brazil
Brazil DB2015
São Paulo DB2016
Rio de Janeiro DB2016
Chile DB2016
China DB2016
Colombia DB2016
Mexico DB2016
Best performer globally
DB2016
Brazil
Brazil DB2016
Doing Business 2016
425.7
425.7
400.0
466.0
152.0
244.3
73.0
86.4
Singapore (26.00)
Cost (% of warehouse
value)
0.4
0.5
0.5
0.3
0.6
7.2
7.2
10.2
Qatar (0.00)
Building quality control
index (0-15)
9.4
9.4
9.0
10.0
13.0
9.0
11.0
11.7
New Zealand (15.00)
Getting Electricity
(rank)
22
23
--
--
51
92
69
72
Korea, Rep. (1)
Getting Electricity (DTF
Score)
85.5
85.49
86.88
83.33
79.71
68.66
74.82
73.27
Korea, Rep. (99.88)
Procedures (number)
4.0
4.0
4.0
4.0
6.0
5.5
5.0
6.8
14 Economies (3.00)*
15.0
16.9
Indicator
Time (days)
Price of electricity (US
cents per kWh)
Time (days)
43.6
43.6
42.0
46.0
30.0
143.2
102.0
78.9
Korea, Rep. (18.00)*
Cost (% of income per
capita)
28.6
31.7
29.1
27.9
76.8
413.3
475.4
332.9
Japan (0.00)
Reliability of supply and
transparency of tariff
index (0-8)
5.6
5.6
6.0
5.0
6.0
6.0
6.0
7.0
18 Economies (8.00)*
Registering Property
(rank)
130
125
--
--
56
43
54
106
New Zealand (1)
Registering Property
(DTF Score)
52.48
53.48
52.86
51.89
71.72
75.02
72.85
58.74
New Zealand (94.46)
Procedures (number)
13.6
13.6
14.0
13.0
6.0
4.0
6.0
6.8
4 Economies (1.00)*
Time (days)
31.7
31.7
25.5
41.5
28.5
19.5
16.0
63.7
3 Economies (1.00)*
Cost (% of property
value)
3.1
2.5
3.5
2.5
1.2
3.4
2.0
5.1
Saudi Arabia (0.00)
Brazil DB2015
São Paulo DB2016
Rio de Janeiro DB2016
Chile DB2016
China DB2016
Colombia DB2016
Mexico DB2016
Best performer globally
DB2016
Brazil
Brazil DB2016
Doing Business 2016
13.6
13.6
14.0
13.0
15.0
17.0
16.0
14.3
3 Economies (28.50)*
Getting Credit (rank)
97
90
--
--
79
79
2
5
New Zealand (1)
Getting Credit (DTF
Score)
45
45
45
45
50
50
95
90
New Zealand (100)
Strength of legal rights
index (0-12)
2.0
2.0
2.0
2.0
4.0
4.0
12.0
10.0
3 Economies (12.00)*
Depth of credit
information index (0-8)
7.0
7.0
7.0
7.0
6.0
6.0
7.0
8.0
26 Economies (8.00)*
Credit registry coverage
(% of adults)
55.1
52.5
55.1
55.1
45.1
89.5
0.0
0.0
Portugal (100.00)
Credit bureau coverage
(% of adults)
79.0
63.6
79.0
79.0
11.2
0.0
88.7
100.0
22 Economies
(100.00)*
Protecting Minority
Investors (rank)
29
27
--
--
36
134
14
57
Singapore (1)*
Protecting Minority
Investors (DTF Score)
65
65
65
65
63.33
43.33
71.67
58.33
Singapore (83.33)*
Strength of minority
investor protection
index (0-10)
6.5
6.5
6.5
6.5
6.3
4.3
7.2
5.8
3 Economies (8.30)*
Extent of conflict of
interest regulation
index (0-10)
5.7
5.7
5.7
5.7
7.0
5.0
8.0
6.0
Singapore (9.30)*
Extent of shareholder
governance index (010)
7.3
7.3
7.3
7.3
5.7
3.7
6.3
5.7
4 Economies (8.00)*
Paying Taxes (rank)
178
177
--
--
33
132
136
92
United Arab Emirates
(1)*
Indicator
Quality of the land
administration index (030)
São Paulo DB2016
Rio de Janeiro DB2016
China DB2016
Colombia DB2016
Mexico DB2016
40.85
40.85
40.68
41.1
84
64.46
63.32
73.67
United Arab Emirates
(99.44)*
9.6
9.6
10.0
9.0
7.0
9.0
11.0
6.0
Hong Kong SAR,
China (3.00)*
2,600.0
2,600.0
2,600.0
2,600.0
291.0
261.0
239.0
286.0
Luxembourg (55.00)
Total tax rate (% of
profit)
69.2
69.2
69.1
69.4
28.9
67.8
69.7
51.7
Ireland (25.90)
Trading Across Borders
(rank)
145
148
--
--
63
96
110
59
Denmark (1)*
Trading across Borders
(DTF Score)
52.43
50.6
52.43
52.43
80.56
69.13
62.83
82.09
Denmark (100)*
Time to export: Border
compliance (hours)
49
61
49
49
60
26
112
20
15 Economies (0.00)*
Cost to export: Border
compliance (USD)
959
959
959
959
290
522
545
400
18 Economies (0.00)*
Time to export:
Documentary
compliance (hours)
42
54
42
42
24
21
60
8
Jordan (0.00)
Cost to export:
Documentary
compliance (USD)
226
226
226
226
50
85
90
60
20 Economies (0.00)*
Time to import: Border
compliance (hours)
63
63
63
63
54
92
112
44
19 Economies (0.00)*
Cost to import: Border
compliance (USD)
970
970
970
970
290
777
545
450
28 Economies (0.00)*
Time to import:
Documentary
compliance (hours)
146
146
146
146
36
66
64
18
21 Economies (1.00)*
Cost to import:
Documentary
107
107
107
107
50
171
50
100
30 Economies (0.00)*
Indicator
Paying Taxes (DTF
Score)
Payments (number per
year)
Time (hours per year)
Chile DB2016
Brazil DB2015
Best performer globally
DB2016
Brazil
Brazil DB2016
Doing Business 2016
Rio de Janeiro DB2016
Chile DB2016
China DB2016
45
45
--
--
56
7
180
41
Singapore (1)
Enforcing Contracts
(DTF Score)
66.48
66.48
65.4
68.17
62.81
77.56
29.66
67.39
Singapore (84.91)
Time (days)
731.0
731.0
731.0
731.0
480.0
452.8
1,288.0
389.0
Singapore (150.00)
Cost (% of claim)
20.7
20.7
20.7
20.7
28.6
16.2
45.8
30.9
Iceland (9.00)
Quality of judicial
processes index (0-18)
13.1
13.1
12.5
14.0
9.0
14.1
6.5
10.6
3 Economies (15.50)*
Mexico DB2016
São Paulo DB2016
Enforcing Contracts
(rank)
Indicator
Colombia DB2016
Brazil DB2015
Best performer globally
DB2016
Brazil
Brazil DB2016
Doing Business 2016
compliance (USD)
Procedures (number,
old methodology)
44
Resolving Insolvency
(rank)
62
55
--
--
58
55
30
28
Finland (1)
Resolving Insolvency
(DTF Score)
52.68
54.52
52.68
52.68
54.18
55.43
72.06
73.03
Finland (93.81)
Recovery rate (cents on
the dollar)
22.4
25.8
22.4
22.4
31.0
36.2
70.0
68.9
Japan (92.90)
Time (years)
4.0
4.0
4.0
4.0
3.2
1.7
1.7
1.8
Ireland (0.40)
Cost (% of estate)
12.0
12.0
12.0
12.0
14.5
22.0
8.5
18.0
Norway (1.00)
Outcome (0 as
piecemeal sale and 1 as
going concern)
1
1
1
1
0
0
1
1
Strength of insolvency
framework index (0-16)
13.0
13.0
13.0
13.0
12.0
11.5
11.0
11.5
4 Economies (15.00)*
Source: Doing Business database.
Note: DB2015 rankings shown are not last year’s published rankings but comparable rankings for DB2015 that capture the effects of such
factors as data revisions and changes to the methodology. The global best performer on time for paying taxes is defined as the lowest
time recorded among all economies in the DB2016 sample that levy the 3 major taxes: profit tax, labor taxes and mandatory
contributions, and VAT or sales tax. If an economy has no laws or regulations covering a specific area—for example, insolvency—it
Doing Business 2016
Brazil
receives a “no practice” mark. Similarly, an economy receives a “no practice” mark if regulation exists but is never used in practice or if a
competing regulation prohibits such practice. Either way, a “no practice” mark puts the economy at the bottom of the ranking on the
relevant indicator. * Two or more economies share the top ranking on this indicator. A number shown in place of an economy’s name
indicates the number of economies that share the top ranking on the indicator. For a list of these economies, see the Doing Business
website (http://www.doingbusiness.org).