Economic situation

In 2022, according to IMF, Brazil is the 10th largest in the world GDP nominal and 9th largest by
purchasing power parity.

Brazil: Distribution of economic sectors in the gross domestic product (GDP) from 2017 to
2020

Brazil: Gross Domestic Product (GDP) growth rate 2018-2021

In the third quarter of 2021, the Gross Domestic Product (GDP) in Brazil decreased by 0.1 percent
compared to the previous quarter (seasonally adjusted). In comparison to the same quarter of the
previous year, Brazil's GDP grew four percent between July and September.

GDP per capita

The Gross Domestic Product per capita in Brazil was last recorded at 14615.05 US dollars in 2021, when
adjusted by purchasing power parity (PPP). The GDP per Capita, in Brazil, when adjusted by Purchasing
Power Parity is equivalent to 82 percent of the world's average.

Import

Imports to Brazil surged 41.6% yoy to USD 24.51 billion in July of 2022, driven by purchases of
manufactured products (43.4%), mining products (35.2%) and agricultural goods (8.9%). Among major
trading partners, imports increased mostly from the US (60.9%), China (42.2%) and the EU (37.1%)

Export

Exports from Brazil advanced 23% year-on-year to USD 29.96 billion in July of 2022, boosted by
shipments of manufactured products (33.2%) and agricultural goods (40.2%). However, those of mining
products declined by 5.6%. Among major trading partners, overseas sales rose primarily to the EU
(53.5%), Argentina (45.8%) and the US (14.8%).

Brazil is one of the world's largest exporters of coffee, sugar cane, petroleum, soybeans, and citrus fruit.
The city also exports minerals and silver that were mined outside of the city. This causes exports leaving
the city to bring in lots of revenue and helps the economy continue to rapidly to grow.

Biggest Allies:

First diplomatic relation

The United States established relations with the Kingdom of Brazil on May 26, 1824

Treaty of peace, Friendship, Cooperation

Brazil is not a NATO member. For improving Brazil and US friendship U.S. President Donald Trump in July
2019, designated Brazil as a major non-NATO ally after receiving a working visit from Brazilian president
Jair Bolsonaro.

In October 2020, the United States and Brazil signed new protocol updating the 2011 Agreement on
Trade and Economic Cooperation to adding state-of-the-art provisions on Customs Administration and
Trade Facilitation, Good Regulatory Practices, and Anticorruption.

What are they investing:

Brazil's FDI in the United States (stock) was $4.6 billion in 2019, up 83.7% from 2018.Brazil's direct
investment in the U.S. is led by depository institutions, manufacturing, and finance and insurance.

U.S. FDI in Brazil (stock) was $81.7 billion in 2019, a 3.4% increase from 2018. U.S. direct investment in
Brazil is led by manufacturing, finance and insurance, and mining

Trade Bloc

Major Brazil Trade org.

MERCOSUR- It is considered the main Brazilian trade agreement. It is an economic bloc of great
relevance to Latin America. In this bloc are Brazil, Argentina, Uruguay, Paraguay. By join it Brazil get free
movement of goods based on a common import tariff.

Advantages Brazil got from MERCOSUR:

One of the most benefits receive from Mercosur has brought to its members is the freedom of
movement, both of its populations and of goods for doing business, which has created a more dynamic
commercial environment throughout this part of South America, which is often referred to as the
Southern Cone.

Import from MERCOSUR is Brazil Average 1145.89 USD million from 2014 until 2022, reaching an all time
high of 1892.94 USD Million in November of 2021 and record low of 497.75 USD Million in May of 2020.

Export from MERCOSUR in Brazil average 1377.27 USD Million 1998 to 2022, reaching an all-time high of
3223 USD Million in September of 2021 and record low of 210.63 USD Million in February of 2002.